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The Terrace Shops 5115 Buffalo Spdwy

16,395 SF 100% Leased Retail Building Houston, TX 77005 For Sale

Investment Highlights

  • - Location pulls consumers from top residential neighborhoods such as West University and River Oaks plus has daytime visits from Greenway Plaza subma
  • - Located on the hard corner of Buffalo Speedway and Westpark Dr just south of Highway 59
  • - Adjacent to top performing HEB and across the street from Kroger

Executive Summary

JLL is pleased to present Terrace Shops, a 16,395 SF unanchored retail center in Houston’s Inner Loop - University submarket. The property is situated at the intersection of Buffalo Speedway and Westpark Dr just south of Highway 59. The Terrace Shops presents investors with the opportunity to acquire a high performing retail asset at a discount to land value and further increase value via marking rents to market.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,395 SF
Building Class
B
Year Built
2000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Land Acres
1.70 AC

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Wheelchair Accessible
  • Accent Lighting
  • Monument Signage
  • Air Conditioning
  • Smoke Detector
Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Chili's
Chase Bank
Comerica
Olive Garden Italian Kitchen
Body & Brain
Corner Bakery Cafe
F45 Training, Inc.
Truist
Club Pilates

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1190730000002
Land Assessment
$7,418,300
Improvements Assessment
$1,545,430
Total Assessment
$8,963,730
  • Listing ID: 33674641

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 5115 Buffalo Spdwy, Houston, TX 77005

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