6.7 AC Land Parcel | 12K VPD | 5% Pop Growth

Investment Highlights

• 6.7 AC Family Dollar adjacent land with direct access to George Bush Intercontinental Airport
• Direct access and visibility to Greens Road with 12,179 VPD and near intersection of Hardy Toll Road (±70K VPD)
• Numerous area amenities, demand generators, and well-positioned within a Federal Opportunity Zone offering favorable tax benefits
• Ideally located in a robust trade area ±1-mile from Greenspoint Mall with mix of retail, residential, office and industrial in the immediate area
• ±235,009 residents within a 5-mile radius and 16% population growth in the area since 2010

 

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a ±6.7 AC land parcel located on Greens Road (the “Property”) in Houston, Texas. This Property offers an exceptional investment opportunity to develop a parcel with prime frontage just off the Hardy Toll Road and less than five miles from George Bush Intercontinental Airport.

The Property is positioned with over 1,000 feet of frontage on Greens Road with 12,179 vehicles passing by per day and also benefits from direct access to W Hardy Road with 6,350 vehicles per day. The Property is in a robust trade area near a mix of multi-family housing, retail, and industrial demand generators.  Other area economic drivers include Greenspoint Mall (±1 mi) and W. W. Thorne Stadium (±3 mi) to name a few. The Property is poised to benefit from its location in a high traffic area with ±70,588 VPD at the intersection of Hardy Toll Road and Greens Road, just ±0.1-miles east of the Property. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2020 population of ±235,009 people within a 5-mile radius. The area has benefited from significant population growth of ±16.34% from 2010-2020 and will continue to benefit from a population that is expanding, with ±4% growth projected from 2020- 2025 (5-mile radius).

Houston is the fourth most populous city in the nation, trailing only New York, Los Angeles and Chicago, and is the largest in the southern U.S. and Texas. Houston is also the fastest growing MSA in the nation with the nation’s second youngest median age among large metropolitan areas in the United States. Furthermore, Houston ranks fourth in the nation for being home to Fortune 500 major corporate headquarters.