Friendswood Public Library 63,000 SF FOR SALE under ... · Friendswood has become an affluent,...

E Spre

ading

Oak

s Ave

E Willo

wick Av

e

S Friendswood Dr

Sunny

view Ave

E Mag

nolia

St Morningside Dr

Site

Friendswood Friends Church

Friendswood Public Library

Friendswood Activity Building

63,000 SF office building

under construction70% leasedFOR SALE

KELLY HUTCHINSONTEL: 713 830 [email protected]

COLLIERS INTERNATIONAL1233 West Loop South | Suite 900Houston, TX 77027P: +713 222 2111 www.colliers.com

501 S FRIENDSWOOD DRFRIENDSWOOD, TX 77546

1.55 ACRES ON S FRIENDSWOOD DRDOWNTOWN DISTRICT ZONING


Property Summary

Executive SummaryThis property is located in the center of the Downtown District of the City of Friendswood, Texas. The City cre-ated a Downtown Improvement Plan and established the Downtown District in May 2016 in order to revitalize the city core and create a “heart of the city”, with comfortable, safe, walkable / bike-able area, charming identity and appearance and appeal to residents of all ages.

With quality of life as the underlying theme, Downtown is a place to live, dine, visit, play, enjoy festivals, farmers markets and parades, the arts and worship. Its where the city library, City park and post office are located.

Friendswood, Texas is an incorporated residential community at the intersection of FM 518 at FM 528 (a/k/a Parkwood Avenue at S. Friendswood Drive) in Galveston County, ten miles from the Johnson Space Center NASA, twenty-seven miles northwest of Galveston and twenty miles south of Houston.

Description of Property:

1.55 acres (67,399 sf) with a vacant former residence. Property to be sold as commercial prop-erty.

Location: SEC S. Friendswood Drive at E Spreading Oaks Avenue.

Address: 501 S. Friendswood Drive, Friendswood, TX 77546.

Zoning Downtown District. Mixed Use. Uses- full-service restaurants, multifamily with first floor retail, multi storied office with first floor retail, single story office and medical buildings. Height limit – 4 stories or 70’. 60% ground coverage.

Height Limit: 4 stories or 70’

Frontage The property has frontage on 3 streets: S. Friendswood Drive - 234’ E. Spreading Oaks Avenue – 288’ Sunnyview Avenue – 288’

Utilities All utilities to siteFlood Zone: The property is located in FEMA Flood Zone X (outside the 500 year flood plane) and has never

flooded.Storm Water Detention:

Offsite regional storm water detention for the properties in the downtown district can be pur-chased from the Galveston County Consolidated Drainage District.

Price: $1,081,000 ($16.00/SF)

SITE

S Friendswood Dr

E Spreadi

ng Oaks

Ave

Sunnyvi

ew Ave

Morningside Dr

290’237.1’

291.22’

237.2’


W Edge

wood D

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W Sha

dowbe

nd Av

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W Spre

ading

Oak

s Ave

Cedarwood Dr

Penn Dr

Quaker Dr

Sunset Dr

16

Land UsesFriendswood Activity Center, the First Baptist Church and the Friendswood Independent School

LegendCivic/Community

ParkCommercial

ResidentialChurchLight Industrial

Open Space

Flood Plain

E Heri

tage D

r

E Spre

ading

Oak

s Ave

Pecan Dr

E Cas

tlewoo

d Ave

Whispe

ring P

ines A

ve

S Friendswood Dr

CityHall

StevensonPark

FriendswoodCatholicChurch

Friendswood Jr High

Friends Church & Quaker Academy

Historic Site

Post Office

Dunn Brothers Coffee

Friendswood Historical Society

Hometown Retail Center Stewart TitleBrasserie 1895 Hometown Bank

Office

Quaker DrSITE

Morningside Dr

Friendswood Baptist

FriendsUncorked Wine Bar

16

Land Uses

Friendswood Activity Center, the First Baptist Church and the Friendswood Independent School

Legend

Civic/Community

Park

Commercial

Residential

Church

Light Industrial

Open Space

Flood Plain

Downtown District

Multi-Family Apartments

New 63,000 SF Office Building Under

Construction

Friendswood Library


The affluent City of Friendswood Cumulative Households by Income

21.9% - $100,000-$149,99913% - $150,000-$199,99920.2% - $200,000+

Median Age 46.6 year of age which is 17% higher than in Texas

Race and Ethnicity 86.9% of the population is white

Growth Rate of Area since 2010 1.53% annually

Daytime Population 49,809 3-mile radius

Population in 2019 3 mile 67,4255 mile 179,198

The types of residents attracted to downtown living are young urban professionals, empty nesters and small families.

Demographics

Tapestry Segmentation - 3 miles

Professional Pride - 19.0%Professional Pride consumers are well-educated career professionals that have prospered through the Great Recession. To maintain their upscale suburban lifestyles, these goal oriented couples work, often commuting far and working long hours. However, their schedules are fine-tuned to meet the needs of their school age children. They are financially savvy; they invest wisely and benefit from interest and dividend income. So far, these established families have accumulated an average of 1.6 million dollars in net worth, and their annual household income runs at more than twice the US level. They take pride in their newer homes and spend valuable time and energy upgrading. Their homes are furnished with the latest in home trends, including finished basements equipped with home gyms and in-home theaters.

3.13Average Household Size

40.8Median Age

$138,100Median Household Income

Soccer Moms - 14.4%Soccer Moms is an affluent, family-oriented market with a country flavor. Residents are partial to new housing away from the bustle of the city but close enough to commute to professional job centers. Life in this suburban wilderness offsets the hectic pace of two working parents with growing children. They favor time-saving devices, like banking online or housekeeping services, and family-oriented pursuits.


37.0Median Age


Home Improvement - 10.9%Married-couple families occupy well over half of these suburban households. Most Home Improvement residences are single-family homes that are owner occupied, with only one-fifth of the households occupied by renters. Education and diversity levels are similar to the US as a whole. These families spend a lot of time on the go and therefore tend to eat out regularly. When at home, weekends are consumed with home improvement and remodeling projects.


37.7Median Age


Tapestry Segmentation is a demographic classification system which summarizes consumers’ lifestyle choices, purchasing habits and recreational activities based upon the demographics, socio-economics, consumption trends and built environments of a particular area. These 67 unique segments are classified by 14 LifeMode Groups, based on shared characteristics.The Top 3 Unique Segments within a three-mile radius of 501 S Friendswood Drive are Professional Pride, Soccer moms, and Home Improvement, making up over44.3% of the population within three miles.



About The City of FriendswoodFriendswood, TX is part of the Houston metropolitan area. In 2007 it was ranked in the top 100 “America’s Best Places to Live” by CNN Money. Friendswood was founded in 1895 by a buffalo hunter and Quaker, Frank Jacob Brown, Quaker who bought 1,538 acres to start a Quaker colony (the terms Quakers and Friends are synonymous and used interchangeably). Friendswood has become an affluent, suburban community of fine homes, churches, businesses, schools and organizations. Friendswood lies within two premier school districts-Clear Creek ISD and Friendswood ISD. Both are rated among the best in Texas. There are several community colleges, as well as quality four-year universities and upper level gradate schools in proximity.

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2019. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.

COLLIERS INTERNATIONAL1233 W. Loop South, Suite 900Houston, Texas 77027713 222 2111www.colliers.com/texas

KELLY HUTCHINSONTEL: 713 830 [email protected]

501 S Friendswood Dr

518

528

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents

sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all other, including the broker’s own interest;• Inform the client of any material information about the property or transaction received by the broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent/

AS AGENT FOR BUYER/TENANT: The broker becomes the buyers/tenant’s agent by agreeing to represent the buyer, usually though a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH – INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly;• May, with the parties’ written consent, appoint a different license holder associated with the broker to

each party (owner and buyer) to communicate with, provide opinion and advice to, and carry out theinstructions of each party to the transaction.

• Must not, unless specifically authorized in writing to do so by the party, disclose:• That the owner will accept a price less than the written asking price;• That the buyer/tenant will pay a price greater than the price submitted in a written offer;

and• Any confidential information or any other information that a party specifically instructs the

broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISHED: • The broker’s duties and responsibilities to you, and your obligations under the representation

agreement.• Who will pay the broker for services provided to you, when payment will be made and how the

payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposed. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Information About Brokerage Services Texas law requires all real estate license holders to give the following information about brokerage services to

prospective buyers, tenants, sellers and landlords.

__________________________ ______ ______________________ ________________

Licensed Broker/Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

__________________________ ______ ______________________ ________________

Designated Broker of Firm License No. Email Phone

__________________________ ______ ______________________ ________________

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

__________________________ ______ ______________________ ________________

Sales Agent/Associate’s Name License No. Email Phone

____________ _____________ _______________

Buyer/Tenant/Seller/Landlord Initials Date

Colliers International | 1233 West Loop South, Suite 900 | Houston, TX 77027 | Main +1 713 222 2111 | Fax +1 713 830 2118 | www.colliers.com

Colliers International Houston, Inc. 29114 [email protected] (713) 222-2111

Gary Mabray 138207 [email protected] (713) 830-2104

Patrick Duffy 604308 [email protected] (713) 830-2112

Michael J. Taetz 380674 [email protected] (713) 830-2107Kelly Hutchinson 317499 [email protected] (713) 830-2135

Friendswood Public Library 63,000 SF FOR SALE under ... · Friendswood has become an affluent,...

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