FOR SALE | Houston Infill Land + Buildings in Opportunity Zone - Now Priced at $3.15M

Two Freestanding Commercial Buildings | Vacant | Redevelopment Ready

Executive Summary

This infill investment opportunity includes two freestanding commercial buildings totaling approximately 12,500 square feet on a combined ±1.2-acre corner site in Southwest Houston. Located at the corner of High Star Dr and Rookin St, the property offers dual street frontage, flexible use potential, and strong long-term redevelopment fundamentals. The site is located within a federally designated Opportunity Zone and is not subject to zoning restrictions.

The offering is priced at $3,150,000, reflecting a repositioning from earlier pricing guidance and aligning closely with underlying land value. Both buildings are currently vacant and will require reinvestment prior to stabilization. During the vacancy period, the properties experienced vandalism, which has been factored into pricing and creates a clear value-add opportunity for buyers capable of executing lease-up, repositioning, or redevelopment strategies. The structures and infrastructure remain intact, allowing for cost-efficient entry into a submarket where replacement costs continue to rise.

This offering is best suited for buyers seeking INFILL LAND CONTROL with redevelopment optionality rather than stabilized income. Existing improvements provide interim flexibility, while the site fundamentals support future redevelopment. The surrounding area is characterized by dense residential neighborhoods, established retail corridors, and strong access to Hillcroft Avenue, Westpark Tollway, and I-69. These fundamentals support a wide range of potential uses including medical office, education, service retail, workforce housing, or future redevelopment.

This is an execution-driven opportunity in a supply-constrained infill location, offering buyers the ability to create value through targeted investment while acquiring land and existing improvements at a compelling basis. The Opportunity Zone designation, flexible use profile, and repositioned pricing combine to provide long-term strategic optionality and multiple exit strategies.

Investment Highlights

• Now Offered at $3.15M Portfolio repriced to reflect market feedback and land comps. Delivers ±12,500 SF of building area with infrastructure in place, now at or below land value.

  
  

• Two Vacant Freestanding Commercial Buildings Buildings total approximately 8,300 SF (High Star) and 4,300 SF (Rookin), with flexible interior layouts ideal for office, education, medical, or retail users.

  
  

• ±1.2 Acres Infill Corner Site High-visibility corner with frontage on both Rookin and High Star, located minutes from Hillcroft Ave, I-69, and Westpark Tollway. Compact configuration with site control and flexibility.

  
  

• Delivered Vacant with Light Vandalism Buildings are located in a safe, high-traffic submarket but were damaged during vacancy. Current condition creates a low-basis repositioning opportunity for investors seeking value.

  
  

• Located in a Qualified Opportunity Zone (OZ 1.0) Investors can take advantage of capital gains tax deferral and long-term appreciation incentives. Program eligibility remains through 2028, with OZ 2.0 program launching in 2027.

  
  

• Opportunity Zone 2.0 Creates Future Upside Under the federal OZ 2.0 program, new tract nominations begin in 2026 with updated investor incentives and enhanced long-term flexibility. This site may be eligible for re-nomination.

  
  

• No Zoning Restrictions Ideal for users or developers seeking flexibility without lengthy entitlement processes. Uses may include owner-occupied facilities, service retail, mixed-use, or housing.

  
  

• Below Replacement Cost The offering delivers vertical improvements, slab, parking, and utilities in place at a cost that is lower than submarket replacement cost for comparable buildings.

Location Overview

Southwest Houston is one of the city's most diverse and densely populated submarkets. The site is situated in the Hillcroft/Westpark corridor just outside the 610 Loop, offering access to a large labor pool and steady population growth. Retail corridors along Hillcroft and Bissonnet provide foot traffic and commercial synergy, while the surrounding residential neighborhoods support demand for service uses, healthcare, and education.

Major transportation arteries including I-69 and Westpark Tollway provide seamless connectivity to Uptown/Galleria, Westchase, and the Texas Medical Center. This area continues to attract both community-based businesses and institutional attention due to its location, demographics, and land value.

The site’s location inside an Opportunity Zone further strengthens its long-term investment profile. With new OZ 2.0 guidelines coming in 2027 and eligibility for re-nomination, this site offers future tax alignment opportunities in addition to its immediate redevelopment appeal.

Infill Land Control with Redevelopment Optionality

This offering is positioned as a land-driven acquisition with existing improvements that provide interim flexibility. It is not marketed as a lease-up or stabilized yield opportunity.

At the current offering price of $3,150,000, buyers are acquiring:

• Infill land at or near market land value

• Corner frontage in a dense, supply-constrained corridor

• No zoning restrictions within the City of Houston

• Location within a federally designated Opportunity Zone

• Existing buildings that may be reused, reconfigured, or removed

  
  

The value proposition emphasizes site control and long-term optionality, with income as a secondary consideration.

Land-Focused Execution Paths

Investor Option 1: Land Control and Future Redevelopment

Primary Use Case

• Acquire primarily for land value

• Hold while planning redevelopment or future use

• Execute redevelopment when market timing aligns

• Optional interim use or partial lease-up

Rationale

Corner infill land of this size and flexibility is increasingly scarce in Southwest Houston. Replacement land pricing and entitlement timelines continue to increase, supporting long-term value appreciation.

Investor Option 2: Interim Use with Redevelopment Exit

Primary Use Case

• Acquire as a land-driven investment

• Utilize existing buildings for short-term occupancy or interim leasing

• Generate temporary cash flow to offset carry

• Exit upon redevelopment approval or land appreciation

  
  

Rationale

Existing improvements allow optional income generation without committing to long-term tenancy, preserving redevelopment flexibility.

Investor Option 3: Immediate Redevelopment

Primary Use Case

• Acquire with intent to redevelop

• Clear the site or selectively reuse improvements

• Develop medical, education, service retail, housing, or mixed-use concepts

• Leverage no zoning restrictions and infill location

  
  

Rationale

The site supports multiple development types without entitlement risk and is located within a dense residential corridor with strong demand drivers.

Download the Investment Brochure:

FOR SALE_2026_Southwest HOU Infill Corner.pdf

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