TECH AUTO MAINTENANCE (Houston)

VACANT

37 WAUGH DRIVE HOUSTON, TX 77007
Lot Size :
12,938.00 sqft
Year Built :
2005
Property Area :
12,938 sqft
Status :
PENDING CONTRACT
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

  • Located in the Center of Booming Washington Heights Neighborhood.
  •  85’ of Frontage and Excess Street Parking on Waugh Drive.
  • Immediate Access to Buffalo Heights Mixed-Use Development Expected to Deliver November 2019.
  • Average Household Income of $132,391 Within One-Mile Radius.
  • 7,995 Cars Per Day on Waugh, 13,985 on South Heights Blvd.
  • 21% Population Growth Within 1 Mile in Last 8 Years
  • New Developments in the Area Include The Interpose, Buffalo Heights, Sawyer Yards, and Silver Street Studios.
  • Close Proximity to Buffalo Bayou Park, Memorial Park, The Heights, Downtown, Montrose, and River Oaks.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Tech Auto Maintenance property at 37 Waugh Drive in Houston, Texas. The subject property consists of approximately 3,536 square feet of warehouse, 720 square feet of office, and 12,938 square feet of land. With 85 feet of frontage and excess street parking on Waugh Drive, the property is within close proximity to Buffalo Bayou Park, Memorial Park, The Heights, Downtown, Montrose, and River Oaks. The area has experienced 21 percent population growth in the last eight years, with new mixed-use developments including Buffalo Heights, Sawyer Yards, Silver Street Studios, and The Interpose in the surrounding community. The subject property is located in the center of the booming Washington Heights Neighborhood and has a traffic count of 7,995 cars per day on Waugh and 13,985 on South Heights Boulevard.

Tech Auto Maintenance is a full-service auto maintenance and repair shop that has been serving the Houston Heights, Downtown, Montrose, Midtown, Med Center and surrounding communities for more than 20 years. The owner and automotive technicians are certified, masters, or experienced mechanics in providing skilled, professional, and expert auto mechanic services. Together they provide more than seventy (70) years of knowledge and automotive service excellence to their customers. Tech Auto Maintenance maintains an A+ rating with the BBB and is A customer rated on Angie’s List. The company has also been awarded the No. 1 auto shop spot in Houston’s Outsmart Magazine for many years running. The Houston metro is the fifth-most populous metro in the nation with an aggregate of more than 6.9 million residents. It is composed of nine counties and 2.3 million residents. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for exports. Local industries have diversified from oil to technology and healthcare. Many companies provide goods and services for the large population growth, which has sprawled, primarily to the north and west. The Houston metro is expected to add 506,600 people through 2022 and roughly 111,500 of these residents will be millennials in the 20- to 34-year-old cohort. During the same period, nearly 229,500 households will be formed, generating demand for housing. The homeownership rate of 61 percent is below the national rate of 64 percent. The median home price of $247,200 is also below that the U.S.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0060966)

Exclusive Listing

Cary Latham
(713) 452-4301
Lic # TX : 703358
Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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