1014 Prairie St
Houston, TX 77002

Partners is pleased to present this unique development opportunity in the Market Square Historic District of Downtown Houston. This Historic building, originally constructed in 1920, has been gutted and is now approved for a 19 unit multifamily renovation with a retail space on the ground floor. A full set of approved plans is available for use for the new owner of the building. Those plans support a ~1,750 sf retail space on the 1st floor, 14 one bedroom units, 2 two bedrooms units, and 3 studios. The proposed project would add a 4th floor above the current roof line and add patio terraces for some of the 4th floor occupants. The building could also be converted to office or another use. This property is in an opportunity zone and is also approved for State and Federal Historic Tax Credits, which when combined could significantly reduce tax liabilities for a qualified owner. Bridge financing is also available for these tax credits to generate extra capital for construction. This building has an incredible central location next to a food hall, bars, restaurants, Main St and the metro rail – and could be a very lucrative investment for the right buyer.