2009 N Main St., Houston, TX 77009 DEVELOPMENT… — Sale in Houston, TX

  • Price: $6.5M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Houston, TX 77009
  • Size: 720 SF
  • Year built: 1970

Investment Figures

Price per unit
$6,500,000 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

xecutive Summary - **LAND INFORMATION:** This expansive .87 Acre lot boasts unrestricted zoning, offering boundless development potential. - **LOCATION:** Nestled in the vibrant Northside Village enclave of Downtown Houston, this property enjoys prime positioning. Just a stone's throw away lies the Houston Dart Rails station, merely 2 blocks distant, while the thriving entertainment hub of White Oak Music Hall beckons a mere 4-5 blocks down the street. Within a 5-10 minute radius, one finds Minute Maid Park and the University of Houston Downtown. Moreover, the locale is surrounded by densely populated areas, promising a bustling environment ripe for development. - **FUTURE EXPANSION:** Anticipate further growth with the extension of the Red Line northwestward to the upcoming multimodal center at North Shepherd Park & Ride. This expansion will seamlessly integrate with METRORapid, the Regional Express Network, and local bus routes. Additionally, the last 5 years have witnessed the emergence of 3 million square feet of multi-family developments, underscoring the area's dynamic evolution. - **DEVELOPMENT SUGGESTIONS:** Highest/best use: Commercial or Residential development This versatile site presents a myriad of development prospects. It could serve as a strategically located parking garage, catering to the nearby sports and entertainment venues. Alternatively, envision the creation of townhomes, tapping into the burgeoning market demand and bolstered by the area's upward trajectory in market rents and property values towards downtown Houston. Furthermore, consider the potential for retail development, capitalizing on the locale's thriving commercial landscape. - **OPPORTUNITY ZONE:** Positioned within an Opportunity Zone, ownership of this property unlocks access to special tax incentives and benefits, further enhancing its investment appeal. Lot Price $6,500,000 Lot Size 37,800 sq.ft. Price $171.95/sq.ft Near downtown Houston & University of Houston-Downtown. All

Market Context

This industrial in Houston, TX is listed for sale at $6,500,000 across 720 SF ($9,028/SF). The building dates to 1970. It has been on the market for 71 days. Compare it against other industrial listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston industrial market showed an 8.0% vacancy rate, average asking rents near $10.00/SF/yr, and cap rates around 7.8%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Houston?
About 7.8% as of Q1 2026, per multiple brokerage reports.
Is the Houston industrial market tightening or softening?
Vacancy is around 8.0% (Q1 2026).

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