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Prime Commercial TractFor Sale
Property Highlights
• Property is cleared and ready for development
• Excellent visibility with 444’ frontage on West Tidwell Road
• Located in strong redevelopment area
• All utilities available
• Not in the floodplain
+/-2.02 AC Near Downtown HoustonWest Tidwell RoadHouston, Texas 77091
www.OldhamGoodwin.com
Bryan/College Station 2800 South Texas Avenue, Suite 401
Bryan, Texas | 77802Phone: 979.268.2000
Houston7102 West Sam Houston Parkway N, Suite 230
Houston, Texas | 77040Phone: 281.256.2300
San Antonio200 East Gryason Street, Suite 101
San Antonio, Texas | 78215Phone: 210.404.4600
© Oldham Goodwin Group, LLC. This map is for marketing purposes only. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
+/-2.02 AC Near Downtown HoustonWest Tidwell RoadHouston, Texas 77091
Bryan/College Station | Houston | San Antonio
Steve MattoxVice President | Brokerage Services281.256.2300 | [email protected]
Surrounding Area Map
Asking PriceAsking Price: $500,000.00Price/SF: $5.68/SFFinance Option: Cash or Conventional
Tract Size 2.02 Acres
AccessibilityEasy access to I-45, 610 North Loop and Hwy 290
VisibilityProperty has visibility from West Tidwell Road
Frontage • 444’ of frontage on West Tidwell
Road
West Tidwell Road
Pinemont Drive
North Shepherd D
rive
Ella Boulevard
Subject Property
© Oldham Goodwin Group, LLC. This map is for marketing purposes only. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
+/-2.02 AC Near Downtown HoustonWest Tidwell RoadHouston, Texas 77091
Bryan/College Station | Houston | San Antonio
Steve MattoxVice President | Brokerage Services281.256.2300 | [email protected]
Ideal For • Retail• Small strip center• Townhome development
UtilitiesElectric: TBD By BuyerWater: City of HoustonSewer: City of HoustonTelephone: TBD By BuyerGas: CenterPoint
Zoning Unrestricted
Tax JurisdictionHouston ISD 1.196700Harris County 0.419230Harris County Flood Control 0.027330Port of Houston Authority 0.013420City of Houston 0.601120Harris County Hosp Dist 0.170000Harris County Education Dept. 0.005422Houston Community College 0.101942Total 2.535164
Property Aerial
Subject
West Tidwell Road
Paul Quinn StreetW
heatley Street
© Oldham Goodwin Group, LLC. This map is for marketing purposes only. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
+/-2.02 AC Near Downtown HoustonWest Tidwell RoadHouston, Texas 77091
Bryan/College Station | Houston | San Antonio
Steve MattoxVice President | Brokerage Services281.256.2300 | [email protected]
Market Overview Houston leverages their locational advantage of being geographically centered between the East and West coasts with an exceptional airline system, deep sea port and intracoastal waterway, multiple major railroads and intermodal facilities, and a world-class highway system. Houston is the fourth largest and the most diverse city in the US and a leader in numerous industries including oil and gas, manufacturing, healthcare services, and engineering. In addition to great businesses, you’ll experience an incredible quality of life including professional sports, first-class museums, a vibrant restaurant scene and plenty of greenspace. The region benefits from a skilled workforce, world-class infrastructure and transportation system, and a pro-business environment that stimulates rather than stifles business growth.
Population Houston is the fourth most populous city and fifth most populous metro area in the nation. It is home to more than 1.5 million Houstonians with one in four residents being born outside of the U.S. Two Texas metro areas, Houston-The Woodlands-Sugar Land and Dallas-Fort Worth-Arlington, were the only ones in the country to add more than 100,000 residents over the 2013-2014 period. Within the Houston metro area, Harris County alone gained almost 89,000 people, more than any other county in the nation. The Lone Star state also has four metro areas among the nation’s 20 fastest growing by rate of change: Austin-Round rock (3rd), Odessa (4th), Midland (9th) and Houston (11th)
Houston
Dallas / Ft. Worth239 miles
196 minutes
Austin165 miles
146 minutes
College Station95 miles
87 minutes
San Antonio197 miles
165 minutesRichmond
Angelton
Conroe
Locational Attributes Courtesy Of:
Population By Age Houston Region Race & Ethnicity Houston Population & Growth
Average Household Income
2013 2018 Projection 5 Year Growth Rate
Houston 6,313,158 7,106,097 11.2
Department of Numbers (2014)
Average Household Income $70,323Per Capita Income $30,689
2013
19 & Under 29.8%
20 to 24 7.0 %
25 to 34 15.0%
35 to 44 14.2%
45 to 54 13.4%
55 to 64 11.0%
65 to 74 5.9%
75 to 84 2.7%
85+ 1.0%
Ethnic Group Percentages
White 65.6%
Black or African American 17.2 %
Asian 7.0 %
Hispanic 36.1%
© Oldham Goodwin Group, LLC. This map is for marketing purposes only. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
+/-2.02 AC Near Downtown HoustonWest Tidwell RoadHouston, Texas 77091
Bryan/College Station | Houston | San Antonio
Steve MattoxVice President | Brokerage Services281.256.2300 | [email protected]
Workforce The region benefits from a skilled workforce, making it an ideal location for companies seeking the right employee to do the jobs of today and the future. Houston also has one of the world’s greatest concentrations of engineering talent generated from its energy, aerospace and medical clusters. Houston reaps the benefits of a pro-business environment engendered at state and local levels. Houston’s leadership has always had a positive attitude towards business growth. Costs of doing business are significantly lower than in other metropolitan areas and the state of Texas has one of the lowest tax burdens in the nation.
2016 Houston Region Major Employers Company Sector # EmployeesMemorial Hermann Health System Life Sciences 19,500The University of Texas MD Anderson Cancer Center Life Sciences 19,290United Airlines Transportation 17,000ExxonMobil Corporation Energy 13,191Houston Methodist Life Sciences 13,000Shell Oil Company Energy 13,000Kroger Company Grocer 12,000National Oilwell Varco Energy 10,000Schlumberger Limited Energy 10,000BP America, Inc. Energy 9,537
Future Job Growth By Occupation Industry Title 2012 2022Business & Financial Operations 132,300 165,100Computer & Mathematical 71,590 90,500Architecture & Engineering 83,760 106,090Education, Training, & Library 168,530 216,160Healthcare Practitioners & Technical 140,710 182,660Construction & Extraction 196,800 247,920Transportation & Material Moving 200,760 249,350Legal 23,340 28,640Community & Social Service 38,690 47,150
Houston Region Employment Status
Labor Force Employment UnemploymentHouston 3,220,986 62.6% 4.7%
Fortune 500 Companies Headquartered in Houston Metro
Corporate Twenty-six companies on the 2015 Fortune 500 list are headquartered in the Houston metro area based on the rankings released by Fortune magazine. Houston ranks third among metro areas in Fortune 500 headquarters, behind the metro areas of New York (68) and Chicago (32), and ahead of Dallas/Fort Worth (21), Atlanta (18), Los Angeles (17) and San Francisco (17). Many other Fortune 500 companies maintain U.S. administrative headquarters in Houston.
Tax Profile Sales & Use Tax Rate 6.25%-State & 2.0%-LocalInventory Tax Double Freeport ExemptionIncome Tax No State Income Tax
Company (Rank) Revenues (in billions) Company (Rank) Revenues (in billions) Company (Rank) Revenues (in billions)
Phillip 66 (7) 149.434 Anadarko Petroleum (162) 18.470 Targa resources (329) 8.617
ConocoPhillips (51) 55.997 EOG Resources (167) 18.035 Calpine (353) 8.030
Enterprise Products Partners (59) 47.951 Kinder Morgan (193) 16.226 FMC Technologies (357) 7.943
Sysco (61) 46.517 Waste Management (217) 13.966 Quanta Services (361) 7.851
Plains GP holdings (67) 43.464 Apache (218) 13.938 Buckeye Partners, LP (406) 6.646
Halliburton (96) 32.870 Marathon Oil (227) 13.297 KBR (424) 6.366
Occidental Petroleum (115) 25.898 Cameron International (275) 10.809 MRC Global (448) 5.933
Baker Hughes (119) 24.551 Group 1 Automotive (291) 9.938 Spectra Energy (449) 5.903
National Oilwell Varco (127) 23.141 CenterPoint Energy (313) 9.226
© Oldham Goodwin Group, LLC. This map is for marketing purposes only. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
+/-2.02 AC Near Downtown HoustonWest Tidwell RoadHouston, Texas 77091
Bryan/College Station | Houston | San Antonio
Steve MattoxVice President | Brokerage Services281.256.2300 | [email protected]
Significant Facts and Figures• Houston is the fourth most populous city in the nation (trailing only New York, Los Angeles and
Chicago), and is the largest in the southern U.S. and Texas.• The Houston-Galveston-Brazoria Consolidated Metropolitan Statistical Area (Houston CMSA) consists
of eight counties: Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery and Waller• The Houston CMSA covers 8,778 square miles, an area slightly smaller than Massachusetts but larger
than New Jersey• The three-airport system served 49.5 million passengers in 2010, including over seven million
international travelers.• If Houston were an independent nation, it would rank as the world’s 30th largest economy The Third
Quarter 2010 ACCRA Cost of Living Index shows that Houston’s overall after-taxes living costs are 9% below the nationwide average, largely due to housing costs that are 21% below the average.
• Houston has a Theater District second only to New York City with its concentration of seats in one geographic area. Located downtown, the 17-block Theater District is home to eight performing arts organizations with more than 12,000 seats.
• Houston has more than 500 cultural, visual and performing arts organizations, 90 of which are devoted to multicultural and minority arts and is one of five U.S. cities that offer year-round resident companies in all major performing arts
• More than 90 languages are spoken throughout the Houston area.• 92 countries have consular offices in Houston, the third highest in the nation• Houston is home to the Texas Medical Center, the largest medical center in the world, with a local
economic impact of $10 billion. More than 52,000 people work within its facilities, which encompass 21 million square feet. Altogether 4.8 million patients visit them each year.
• Houston has among the youngest populations in the nation. The city has the third-largest Hispanic and third-largest Mexican population in the United States
• Houston ranks second in employment growth rate and fourth in nominal employment growth among the 10 most populous metro areas in the U.S. In 2006, the Houston metropolitan area ranked first in Texas and third in the U.S. within the category of “Best Places for Business and Careers” by Forbes magazine.
© Oldham Goodwin Group, LLC. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
+/-2.02 AC Near Downtown HoustonWest Tidwell RoadHouston, Texas 77091
Bryan/College Station | Houston | San Antonio
Steve MattoxVice President | Brokerage Services281.256.2300 | [email protected]
Disclaimer This Offering Memorandum was prepared by Oldham Goodwin Group, LLC (Broker) solely for the use of prospective +/-2.02 AC Near Downtown Houston, West Tidwell Road, Houston, Texas 77091 (Property). Neither the Broker nor the owner of the property (Owner) makes any representations or warranty, expressed or implied, as to the completeness or the accuracy of the material contained in the Offering Memorandum.
The Offering Memorandum is solely a solicitation of interest - not an offer to sell the Property. The Owner and Broker expressly reserve the right to reject any or all expressions of interest or offers to purchase the Property and expressly reserve the right to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligations to any entity that is reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such an offer for the Property is approved by the Owner and the signature of the Owner is affixed to a Real Estate Purchase Agreement prepared by the Owner.
This Offering Memorandum is confidential. By accepting the Offering Memorandum, you agree that you will hold the Offering Memorandum and its contents in the strictest confidence, that you will not copy or duplicate any part of the Offering Memorandum, that you will not disclose the Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Owner, and that you will not use the Offering Memorandum in any way detrimental to the Owner or Broker.
