12910-12918 Malcomson Rd - Storefront Retail/Office FOR SALE


Houston, TX 77070
$2,900,000 USD
832-858-3855
12910-12918 Malcomson Rd, Houston, TX for Sale
$2,900,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 7% Cap Rate

12910-12918 Malcomson Rd
Houston, TX 77070


HIGHLIGHTS

  • Adjacent to the intersection of Grant Rd and Malcomson Road, with daily traffic of 14,000 cars per day
  • The property is surrounded by affluent neighborhoods, with a median household income of $140K per year in the area
  • It’s one of the busiest shopping centers in the area, ranking in the top 94% for visitor traffic

OVERVIEW

Discover a lucrative retail investment at Malcomson Center, strategically located adjacent to the bustling Lakewood Square Shoppes at the intersection of Malcomson Rd and Grant Rd. Boasting substantial daily traffic counts of approximately 5,000 and 14,000 vehicles respectively, this property enjoys exceptional visibility and accessibility, especially during peak hours. The property features 168 feet of coveted frontage on Malcolmson Rd, complemented by two convenient curb cuts, ensuring ease of ingress and egress for customers. With a parking ratio of 8.65 spaces per 1,000 square feet, accommodating high volumes of visitors is effortlessly managed. Situated within a thriving community, Malcomson Center benefits from a densely populated area of over 33,000 households within a 3-mile radius, where residents boast a average household income of approximately $140,000. This demographic profile underscores the area's robust purchasing power and consumer demand, making it an ideal location for retail success. Currently housing esteemed tenants such as R&R CraftHouse Grill and Angel's Rocks & Fossils, the center attracts a diverse clientele seeking unique dining experiences and specialty retail offerings. There is currently a 3,000 SF vacant space on this property. In case this hasn’t been leased by the time of sale, the owner is happy to offer a 2-year master lease guarantee. For investors and businesses looking to capitalize on a prime retail location with exceptional traffic exposure and a strong consumer base, Malcomson Center presents an unparalleled opportunity. Contact TC Global Commercial Real Estate today to explore this premier retail property and secure your place in this dynamic market.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

Commercial

APN/PARCEL ID

1262950010003

ASK ABOUT THIS PROPERTY

Taro ChellaramRe/Max Commercial Great Horizons by TC Global RealMore Info
832-858-3855

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Taro ChellaramRe/Max Commercial Great Horizons by TC Global RealMore Info
832-858-3855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.