For Sale
$8,000,000

5116 Westheimer RdHouston, TX 77056

Prime Galleria Area, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional redevelopment opportunity presents a significant investment in a high-traffic Houston location. Situated directly across from The Galleria Mall, one of Houston's premier shopping destinations attracting 25 million visitors annually, this property boasts unparalleled visibility and accessibility. The 0.46-acre lot encompasses a substantial 20,115 square feet, offering significant potential for a variety of mixed-use developments. The existing building comprises approximately 7,000 square feet on each of its two floors, providing a solid foundation for future plans. Its strategic location on Westheimer Road, a major Houston thoroughfare, ensures high foot and vehicle traffic. Furthermore, its proximity to key transportation arteries, including the 610 Loop, US Highway 59, I-10, and the Westpark Tollway, enhances its appeal and accessibility. The land value is assessed at $425 per square foot, reflecting the prime location and development potential. This property is offered at $8,000,000, presenting a compelling investment opportunity for discerning buyers seeking a high-return project in a thriving Houston market. The property's current zoning and permitted uses should be independently verified.

Highlights

  • $8,000,000 asking price.
  • 20,115 SF lot size.
  • $425/SF land value.
  • Mixed-use property with bar, restaurant, and storefront subtypes.
  • Redevelopment opportunity.
  • Located across from The Galleria Mall in Houston, TX.

Property Details for 5116 Westheimer Rd

Property type
Retail properties, Restaurants

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.740719882038
Longitude
-95.465439441597
5116 Westheimer Rd, Houston, Texas

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5116 Westheimer Rd
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