Shopping Center With Restaurant
For Sale
Contact for pricing
7661 Park Place Boulevard, Houston, TX 77087
One vacant suite features a restaurant buildout, while a leased neighboring lot provides additional parking.
Property SizeContact for details
Days on Market144
Property Features for 7661 Park Place Boulevard
General Information
Standard status
Active
Property subtype
Retail, Land
Occupancy
75%
Building Details
Tenancy
Multi
Listing Agency:
Kevin Riles Commercial
(281) 403-3700
Listed By:
Kevin Riles · License #TX 0465148
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 3:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kevin Riles Commercial
Investment Insights
Based on property information with market context.
This retail center includes one available suite configured for restaurant use, offering a built interior layout that may support continued restaurant occupancy or another approved use. The property is currently 75% occupied, with one vacancy, and existing leases are structured as gross leases.
The center is situated on Park Place Boulevard between I-45 and Hobby Airport, placing the property within an established commercial area near the airport. Additional parking is provided through a long-term lease covering the adjoining lot.
The combination of an existing retail center, a restaurant-configured vacancy, gross lease arrangements, and leased overflow parking creates a clearly defined commercial property profile for review by retail investors and operators.
The center is situated on Park Place Boulevard between I-45 and Hobby Airport, placing the property within an established commercial area near the airport. Additional parking is provided through a long-term lease covering the adjoining lot.
The combination of an existing retail center, a restaurant-configured vacancy, gross lease arrangements, and leased overflow parking creates a clearly defined commercial property profile for review by retail investors and operators.
Key Highlights
- 75% occupied with one vacant suite
- Vacant space includes a restaurant buildout
- Long‑term lease on adjoining lot provides additional parking
Property Analytics
Property Profile
Current Use
Lease Details
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
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Frequently Asked Questions
What type of property is this?
Shopping center - One vacant suite features a restaurant buildout, while a leased neighboring lot provides additional parking.
Where is this shopping center located?
The property is located at 7661 Park Place Boulevard Houston, TX.
What are key features of this property?
This property features: 75% occupied with one vacant suite; Vacant space includes a restaurant buildout; Long‑term lease on adjoining lot provides additional parking
