19304 Katy FwyHouston, TX 77084

For Sale
$8,000,000

New Construction, High-Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 14,000 square foot medical and retail building, constructed in 2024, is situated on a 2-acre lot at 19304 Katy Fwy, Houston, TX 77084, in Harris County. The multi-tenant property boasts 63 parking spaces and currently has 29% occupancy. A significant anchor tenant, Excel Urgent Care, occupies a portion of the space under a 10-year lease with a 3% annual rent increase. This presents a compelling opportunity for an owner-user or investor seeking a value-add proposition. The property enjoys a prime location on Interstate 10, benefiting from high traffic volume exceeding 200,000 vehicles per day at Greenhouse Road (nearly 28,000 VPD). Its proximity to Houston's Energy Corridor, a major business district housing over 20% of Houston's Fortune 500 companies, further enhances its appeal. The surrounding area features a vibrant mix of established businesses, including Shake Shack, CAVA, Tim Horton's, Ideal Dental, At Home, LA Fitness, and numerous restaurants. A forthcoming Plucker's Wing Bar adds to the growing commercial activity. The property benefits from a high average household income exceeding $100,000 within 1, 3, and 5-mile radii. The asking price for this strategically located property is $8,000,000.

Highlights

  • High-traffic location on I-10, exceeding 200,000 vehicles per day (VPD) at Greenhouse Road, with nearly 28,000 VPD.
  • Prime location near Houston's Energy Corridor, home to over 20% of Houston's Fortune 500 companies.
  • Strong anchor tenant, Excel Urgent Care, with a 10-year lease and 3% annual rent increases.
  • Excellent surrounding tenant mix including Shake Shack, CAVA, Tim Horton's, Ideal Dental, At Home, LA Fitness, and numerous restaurants.
  • Adjacent to a new Plucker's Wing Bar.
  • High average household income exceeding $100,000 within 1, 3, and 5-mile radii.

Property Details for 19304 Katy Fwy

Property type
Lifestyle centers, Power centers
Square Feet
14,000 SF
Year Built
2024
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7861664
Longitude
-95.7079969
19304 Katy Fwy, Houston, Texas

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19304 Katy Fwy
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