Commercial
Rare Houston, TX Repositioning Opportunity
10 Greenspoint Mall, Houston, TX 77060
Listing Price: $5,125,000
Investment Overview
Marcus & Millichap is proud to present this rare and remarkable opportunity to reshape the future of the Greenspoint area with the acquisition of an approximately 143,000 square foot big box retail property, formerly a Dillard's, located within the iconic Greenspoint Mall. Encompassing nearly 8 acres, this property presents an unparalleled chance for investors and developers to reinvigorate a once-luxurious area through creative redevelopment or repositioning. The property's prime location right off major freeway exits, Beltway 8 and I-45, experiencing average daily traffic of 178,685 and 301,050 vehicles, respectively, provides excellent visibility and accessibility, positioning this opportunity as a strategic asset with boundless potential. Imagine transforming this expansive space into a vibrant grocery store, an indoor adventure park, a multi-tenant power center, or a thriving mixed-use multifamily/retail or retail/office development. With the increasing demand for storage and logistics solutions, the property could also be reimagined as a state-of-the-art self-storage or cold storage facility, a logistics hub, or an e-commerce/e-fulfillment center catering to the rapidly evolving needs of the digital economy. This once-in-a-lifetime opportunity is uniquely positioned to capitalize on the growing momentum in the Greater Greenspoint area, which is set to benefit from significant infrastructure investments, including the $9 billion expansion of Interstate 45. Seize the moment and redefine the future of the Greenspoint area by unlocking the immense potential of this exceptional property. With the right vision and execution, this landmark acquisition could serve as the catalyst for transformative change, breathing new life into the entire community and leaving a lasting legacy for generations to come.
Rare Houston, TX Repositioning Opportunity
Investment Highlights
- PRIME LOCATION: Situated at the Greenspoint Mall in Houston, Texas, offering excellent visibility and accessibility via major freeways (Beltway 8 and I-45) with high daily traffic counts.
- FLEXIBILITY FOR REDEVELOPMENT: The property's expansive size allows for a wide range of potential uses, such as grocery stores, indoor adventure parks, multi-tenant power centers, mixed-use developmen
- HOUSTON'S DEVELOPMENT FRIENDLY REGULATIONS: The city is known for its less restrictive land use policies, allowing for greater flexibility and creativity in redevelopment projects.
- PROXIMITY TO UPCOMING DEVELOPMENTS: Neighboring the $77 million Summit at Renaissance Park, a 325-unit midrise residential development, and just minutes away from the recently completed Richcrest Apartments.
- BENEFIT FROM INFRASTRUCTURE INVESTMENTS: The $9 billion expansion of Interstate 45 will improve accessibility and contribute to regional growth, further enhancing the property's appeal.
- GROWING AND DIVERSE POPULATION: Greater Greenspoint's lower cost of living attracts a wide range of residents, from families seeking quality schools and amenities to renters of various backgrounds, creating a strong customer base for future developments.
- UNTAPPED POTENTIAL: A chance to play a pivotal role in revitalizing the Greenspoint area, transforming the property into a new community anchor, and leaving a lasting impact on the region.
- STRONG CONSUMER BASE: $2.1 billion in consumer spending within a 5-mile radius, presenting a significant opportunity for retail, entertainment, or service-based businesses.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $5,125,000
Investment Highlights
- PRIME LOCATION: Situated at the Greenspoint Mall in Houston, Texas, offering excellent visibility and accessibility via major freeways (Beltway 8 and I-45) with high daily traffic counts.
- FLEXIBILITY FOR REDEVELOPMENT: The property's expansive size allows for a wide range of potential uses, such as grocery stores, indoor adventure parks, multi-tenant power centers, mixed-use developmen
- HOUSTON'S DEVELOPMENT FRIENDLY REGULATIONS: The city is known for its less restrictive land use policies, allowing for greater flexibility and creativity in redevelopment projects.
- PROXIMITY TO UPCOMING DEVELOPMENTS: Neighboring the $77 million Summit at Renaissance Park, a 325-unit midrise residential development, and just minutes away from the recently completed Richcrest Apartments.
- BENEFIT FROM INFRASTRUCTURE INVESTMENTS: The $9 billion expansion of Interstate 45 will improve accessibility and contribute to regional growth, further enhancing the property's appeal.
- GROWING AND DIVERSE POPULATION: Greater Greenspoint's lower cost of living attracts a wide range of residents, from families seeking quality schools and amenities to renters of various backgrounds, creating a strong customer base for future developments.
- UNTAPPED POTENTIAL: A chance to play a pivotal role in revitalizing the Greenspoint area, transforming the property into a new community anchor, and leaving a lasting impact on the region.
- STRONG CONSUMER BASE: $2.1 billion in consumer spending within a 5-mile radius, presenting a significant opportunity for retail, entertainment, or service-based businesses.
Investment Overview
Marcus & Millichap is proud to present this rare and remarkable opportunity to reshape the future of the Greenspoint area with the acquisition of an approximately 143,000 square foot big box retail property, formerly a Dillard's, located within the iconic Greenspoint Mall. Encompassing nearly 8 acres, this property presents an unparalleled chance for investors and developers to reinvigorate a once-luxurious area through creative redevelopment or repositioning. The property's prime location right off major freeway exits, Beltway 8 and I-45, experiencing average daily traffic of 178,685 and 301,050 vehicles, respectively, provides excellent visibility and accessibility, positioning this opportunity as a strategic asset with boundless potential. Imagine transforming this expansive space into a vibrant grocery store, an indoor adventure park, a multi-tenant power center, or a thriving mixed-use multifamily/retail or retail/office development. With the increasing demand for storage and logistics solutions, the property could also be reimagined as a state-of-the-art self-storage or cold storage facility, a logistics hub, or an e-commerce/e-fulfillment center catering to the rapidly evolving needs of the digital economy. This once-in-a-lifetime opportunity is uniquely positioned to capitalize on the growing momentum in the Greater Greenspoint area, which is set to benefit from significant infrastructure investments, including the $9 billion expansion of Interstate 45. Seize the moment and redefine the future of the Greenspoint area by unlocking the immense potential of this exceptional property. With the right vision and execution, this landmark acquisition could serve as the catalyst for transformative change, breathing new life into the entire community and leaving a lasting legacy for generations to come.
Exclusively Listed By
Broker of Record
Financing By
