1138 N Shepherd Dr, Houston, TX for sale

Investment Overview

This offering is approximately 30,000 SF of land with roughly 4,700 SF of existing improvements. The site is rectangular, with approximately 248.39' of frontage along N Shepherd Dr and a depth of about 243.61', with the north and south boundaries measuring roughly 119.22' and 119.51'. The existing improvements currently generate cash flow, making this a potential covered land play for buyers who want income while planning their next move. The property is well suited to an investor, an owner-user, or a redevelopment buyer. An adjacent parcel is also available: the hard corner and middle lot at 1144-1148 N Shepherd Dr, totaling approximately 12,250 SF. Together, the parcels offer an opportunity for a larger assemblage.

Investment Highlights

• ±30,000 SF of Land with ±4,700 SF of existing improvements, offering a potential covered land play with cash flow in place
• ±248' of Frontage on N Shepherd Dr, with ±19,000 vehicles per day for strong visibility
• Heart of the Greater Heights, one of Houston’s most successful urban submarkets, drawing more young professionals than any other area of the city
• Strong Demographics: $197,084 average household income and 23,872 residents within one mile
• Expansion Opportunity: an additional ±12,250 SF is available on the hard corner and middle lot (1144-1148 N Shepherd Dr)