9505 Scott St - Freestanding FOR SALE


Houston, TX 77051- Sunnyside
$2,400,000 USD
281-451-8437
9505 Scott St, Houston, TX for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/17
null | Request Cap Rate

9505 Scott St
Houston, TX 77051
Sunnyside


HIGHLIGHTS

  • 1. U.S. Bankruptcy Court-ordered sale: title delivered free and clear of all liens, claims, and interests
  • 2. ±12,850 SF of renovated retail space available: ideal for an owner-user, or lease-up upside for investors
  • 3. Priced at ±$146/SF, roughly 40% below the ±$253/SF Near South retail market average
  • 4. Three operating, rent-paying tenants, including a liquor store with ~30 years at this corner
  • 5. Hard corner with ±176' on Scott St and ±134' on Dawson Ln; ±1.14 acres; ample parking
  • 6. In one of Houston's most active new-home construction areas; 41,000+ households within 3 miles

OVERVIEW

Riverbrook Shopping Center is a ±16,450 SF neighborhood retail center on ±1.14 acres at the corner of Scott Street and Dawson Lane in South Houston, offered by order of the U.S. Bankruptcy Court and delivered free and clear of all liens, claims, and interests. Approximately 12,850 SF of renovated, open-plan retail space is available for a buyer's own business or for lease-up. Three neighborhood tenants are in place and paying rent: a liquor store that has operated here for roughly three decades, a nail salon in place since 2012, and a daiquiri shop under lease through December 2027. Owner-occupants may qualify for SBA financing with as little as 10% down. Month-to-month tenancies allow the new owner to sign fresh long-term leases at market rent with proven operators. The surrounding Sunnyside/South Houston area is one of the city's most active markets for new single-family homes, both for sale and for lease. New rooftops are driving new retail demand in a trade area with more than 41,000 households and over $930 million in annual consumer spending within three miles. The property sits inside Beltway 8 with quick access to Loop 610, Highway 288, the Texas Medical Center, and NRG Park, and lies in Flood Zone X. At ±$146 per square foot, this is a rare chance to own corner retail in the path of progress at a basis well below market. Sale is subject to Bankruptcy Court approval. Property sold as-is. Contact broker for the Offering Memorandum, rent roll, and leases.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bankruptcy Court Sale | Free & Clear Title

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

-

APN/PARCEL ID

0904290000003,0904290000004

ASK ABOUT THIS PROPERTY

Kevin Riles, Ph.D.,CCIMKevin Riles CommercialMore Info
281-451-8437

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Kevin Riles, Ph.D.,CCIMKevin Riles CommercialMore Info
281-451-8437

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