14555 Lk Houston Pkwy Houston, TX 77044-6472

Property Details for 14555 Lk Houston Pkwy

Year built

2018

Construction

METAL FRAME

Lot size

2.00 lot acres

Property size

15,108 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1230790050044

APU

1230790050044

Description

This exceptional 13,500-square-foot retail storefront, built in 2019, is ideally situated on a prominent hard corner lot in Houston, Texas. Located at 14555 W Lake Houston Pkwy, in Harris County, zip code 77044, this core investment opportunity sits on a two-acre parcel. The property boasts significant upside potential due to below-market rents, currently averaging approximately 12% below market value. A key advantage is that only 50% of the current tenants have lease options upon expiration, presenting a substantial opportunity for future rent increases. The surrounding area has experienced remarkable growth, with a 112% population increase within a one-mile radius since 2010, indicating a strong and expanding customer base. This prime location at the hard corner of W Lake Houston Parkway and Summer Lake Ranch Drive ensures high visibility and accessibility for businesses. The property's modern construction and strategic location make it an attractive investment for discerning buyers seeking a high-return retail asset in a rapidly growing market. This is a rare chance to acquire a well-positioned retail center with significant potential for immediate and long-term value appreciation.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.1766

Latitude

29.9375

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments