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±2 Acres at 2505 W 11Th St ±2 Acres at 2505 W 11th St. dmre.com 1 BROKER CONTACT Clark Dalton, Senior Vice President | [email protected] | 713.955.3122 Property Details At A Glance DETAILS 2019 TAX RATES 001 HOUSTON ISD 1.206700 2505 W 11th St. ADDRESS 040 HARRIS COUNTY 0.418580 Houston, TX 77008 041 HARRIS CO FLOOD CNTRL 0.028770 042 PORT OF HOUSTON AUTHY 0.011550 LAT., LONG. 29.788771, -95.428145 043 HARRIS CO HOSP DIST 0.171080 044 HARRIS CO EDUC DEPT 0.005190 SIZE ±2 Acres 048 HOU COMMUNITY COLLEGE 0.100263 061 CITY OF HOUSTON 0.588310 UTILITIES City of Houston Dosch Marshall Real Estate (DMRE) has TOTAL 2.530803 been exclusively retained to represent the Seller in the marketing and sale of this SCHOOLS Houston ISD property. 2019 DEMOGRAPHICS All inquiries about the Property should 0-1 mi 0-3 mile 0-5 miles PARCEL ID 0440820000546 be directed to DMRE. Est. Population 2019 CLICK HERE FOR LISTING 13,694 130,416 268,830 OWNER Festival Properties Inc Average Household Income MAKING AN OFFER $129,866 $153,189 $138,500 Offers should be presented in the LEGAL TR 62 ABST 642 J REINERMAN form of a non-binding Letter of Intent, Median Value Of Owner Occupied Housing Units and should include: $336,764 $336,253 $314,130 PRICE Call for Pricing • Pricing • Description of Debt/ • Due Diligence and Equity Structure Closing Timeframe • Qualifications to • Earnest Money Close DETENTION On Site Deposit • Development Plans dmre.com 2 Area Highlights PRIME LAND SITE IN KINGWOOD AREA LOCATED IN THE HEART OF THE LAKE HOUSTON REGION WHICH CONSISTS OF LAKE HOUSTON ATASCA WOODS KINGWOOD, ATASCOCITA, SUMMERWOOOD, Home Values up to $500K GENERATION PARK AND HUMBLE • The region has a total population of 256,074 Atascocita Plaza ATASCOCITA SOUTH • Located just 20 miles north of Downtown Houston Atascocita Commons Home Values up to $300K ATASCOCITA RD ZONED TO HUMBLE ISD THE #6 BEST SCHOOL DISTRICT IN THE HOUSTON AREA CLOSE TO LAKE HOUSTON’S BEST KINGS PKWY KINGWOOD GLEN VILLAGE ENTERTAINMENT AND RETAIL Home Values up to $350K W E S T • Atascocita Town Center, Atascocita Commons, L A K E H O U S T O N P K The Market at Lake Houston, and Life Time Fitness W Y ±35.738 ACRES are within 1 mile of the Property • The master planned communities of Kingwood, Kings UPPER LAKE DR Park Summerwood, Generation Park, and Fall Creek are within 6 miles off the Property KINGS RIVER VILLAGE Home Values up to ATASCOCITA$450K COMMONS LAKE HOUSTON 2 MILES 5 MILES GENERATION PARK BUSH AIRPORT 9 MILES 10 MILES dmre.com 3 Property Survey dmre.com 4 Area Highlights Parks & Recreation LAKE HOUSTON WILDERNESS PARK dmre.com 5 PRIME DEVELOPMENT OPPORTUNITY IN THE HEIGHTS AREA • Located in one of the fastest growing areas of Houston; The Heights is known to be one of the most walkable neighborhoods in Houston with one of the most active communities in Houston, The HHA, and numerous parks, trails and yelp-rated establisments Area Highlights Prime land site in Timbergrove PRIME DEVELOPMENT OPPORTUNITY IN TIMBERGROVE • Located near the Heights with close proximity to popular eateries, lively bars, and numerous parks (Memorial Park & W 11th St Park) and trails (Heights Hike and Bike Trail & White Oak Bayou Greenway CONVENIENT ACCESS TO I-10 VIA W.11TH AND T C JESTER BLVD • Fast access to Uptown / Galleria District, the 17th largest business district in the U.S., which is home to Houston’s largest concentration of high-fashion retail and hotels, hosting more than 20 million visitors a year. CLOSE TO HOUSTON’S BEST ENTERTAINMENT AND RETAIL • Memorial Park has 30 miles of trails scattered around the park for running, walking, hiking and is currently also undergoing a 10 year redevelopment plan. • Newly developed H-E-B, Heights Waterworks, Heights Central Station and the W. 19th St. Shopping District are less than 2 miles away. • Rice Military, Uptown, Washington Corridor, Memorial Park, River Oaks, Buffalo Bayou, and the future redevelopment of the Houston Farmer's Market (expected to be fully operational in 2019) are within 3 miles of the property. WHITE OAK BAYOU GREENWAY TRAIL MEMORIAL PARK 2,978 FEET 1 MILE DOWNTOWN HEIGHTS UPTOWN/GALLERIA 1.75 MILES 2.85 MILES dmre.com 6 Area Highlights Employment 26,000,000+ 1st Quarter 2017 commercial office 81.5% square foot CLASS A OCCUPANCY 15th largest business district in the U.S. Diverse tenant base: a wide variety of energy, legal, 82,000+ tech and medical employers protect Uptown District employees from the ups and downs of the price of oil. Top Employers Living 180,000+ 2,000+ residents within a companies three-mile radius $106,000+ average household income within a 3 13% mile radius total Class A office space (2nd to Downtown) 36.5 median age Hospitality Retail 1st Quarter 2017 1st Quarter 2017 200,000+ 100% people per day converge HOTEL RETAIL in Uptown Houston to OCCUPANCY OCCUPANCY work, dine, or shop. Nearly 7,800 luxurious rooms, which The Galleria maintain the highest RevPAR (Revenue Hosts more than 35 million visitors annually FIRST per Available Room) in Houston Number one shopping & tourist attraction in Houston designated scenic 34 hotels - more than any other district in Houston district in Houston Seventh largest retail complex in the U.S Area Highlights Transportation Living Downtown’s tallest residential high- rise, Market Square Tower, reached OVER Developers have delivered over 3,000 residential Transit 93 units in the last two years, 371 units are under 90% OCCUPANCY $9 BILLION construction, with another 1,179 planned. in public & private investments have 3 MONTHS Bike 77 been made over the past two decades. A NETWORK Expected to add over 5,000 new residents in the ahead of the projected timelime. OF INTEGRATED next three to five years. MULTI-MODAL 257% resident growth between 2007 & 2017 Walk 76 transit systems provides convenient in the downtown core commute options. 157,000+ 10,000+ 9 COMPANY ApartmentData.com named Downtown as the 4,007 OVER 50% 10 PARKS 0 20 40 60 80 100 Jobs Residents Headquarters hottest rental submarket in Houston Households 34 years & younger. Score Employment Top Employers # Employees of Downtown employees Entertainment 51,000,000+ Chevron 8,600+ 32% use public Over 10 million people visit Downtown annually. Home to the recently renovated 1.9 million square foot George R. Brown Convention Center, one of the ten office square foot Shell Oil Company 7,000+ transit to get to work. largest convention centers in the nation. Chase Bank 4,892+ Sports CenterPoint Energy 3,826+ Downtown welcomed over 1 million visitors during SuperBowl LI. 82.5% KBR 2,958+ Toyota Center, home to the NBA’s Houston Rockets, seats up to 18,000 & hosts over 100 events annually. office occupancy Minute Maid Park, home to the Astros, has a seating capacity of 40,963. (Class A) NRG/Reliant Energy 2,300+ 105,000+ passengers transit BBVA Compass Stadium, home to MLS’s Houston Dynamo, Houston Dash & Texas Southern University Tigers ExxonMobil Corporation 2,200+ through Downtown football team, seats 22,039. on a daily basis. Hess 2,000+ Major Sports/Concert Venue Capacity: 150,000. Education Hospitality 20 Kinder Morgan 1,860+ Theater Fortune 500 13,919 students & 46,627 alumni 7,803 hotel rooms. Downtown’s Theater District is the 2nd Deloitte 1,700+ largest performing arts district in the Companies 43 Bachelor's degree & 8 Master's 564 hotels under construction nation. degree programs Enterprise Products Partners 1,360+ 400+ planned hotels 4 major arts venues - Jones Hall, Ernst & Young 1,300+ Wortham Theater Center, Alley Theatre Dining Retail & the Hobby Center for the Performing 9 Waste Management, Inc. 1,270+ Over 300 restaurants, coffee shops 415+ of restaurants, bars and clubs. Arts Fortune 500 and bars. PriceWaterhouseCoopers 1,236+ 5 new retailers. 13,000 of theatre district seating Companies Outdoor seating available in over capacity. 28+ planned retailers (including 3 Headquarters LyondellBasell Industries 1,200+ 20% of restaurants & cafes. Food Halls) Area Highlights Downtown cont. Transportation Living Downtown’s tallest residential high- rise, Market Square Tower, reached OVER Developers have delivered over 3,000 residential Transit 93 units in the last two years, 371 units are under 90% OCCUPANCY $9 BILLION construction, with another 1,179 planned. in public & private investments have 3 MONTHS Bike 77 been made over the past two decades. A NETWORK Expected to add over 5,000 new residents in the ahead of the projected timelime. OF INTEGRATED next three to five years. MULTI-MODAL 257% resident growth between 2007 & 2017 Walk 76 transit systems provides convenient in the downtown core commute options. 157,000+ 10,000+ 9 COMPANY ApartmentData.com named Downtown as the 4,007 OVER 50% 10 PARKS 0 20 40 60 80 100 Jobs Residents Headquarters hottest rental submarket in Houston Households 34 years & younger. Score Employment Top Employers # Employees of Downtown employees Entertainment 51,000,000+ Chevron 8,600+ 32% use public Over 10 million people visit Downtown annually. Home to the recently renovated 1.9 million square foot George R. Brown Convention Center, one of the ten office square foot Shell Oil Company 7,000+ transit to get to work. largest convention centers in the nation. Chase Bank 4,892+ Sports CenterPoint Energy 3,826+ Downtown welcomed over 1 million visitors during SuperBowl LI. 82.5% KBR 2,958+ Toyota Center, home to the NBA’s Houston Rockets, seats up to 18,000 & hosts over 100 events annually. office occupancy Minute Maid Park, home to the Astros, has a seating capacity of 40,963.
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