Historical Retail Sale Listing - Olde Oaks Shopping Center

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Houston, TX or Texas

Olde Oaks Shopping Center

3702 FM 1960 West, Houston, TX 77068

N/A

50,971 SF | Retail

  • Print

Bounce N Party

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
50,971 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Additional Sub-types:
Street Retail
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
8.50%
Occupancy:
88%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1983
Lot Size:
2.82 AC
APN / Parcel ID:
1085610000220
Parking Ratio:
3.80 / 1,000 SF
Listing ID
14629503
Last Updated
over 1 year ago

Highlights

  • 56,000 cars per day traveling across intersection
  • 94,086 Population within a 3 mile radius
  • Signalized intersection-FM 1960 West & Walters Rd.
  • Neighborhood tenants that cater to needs of the local trade area
  • Projected population growth of 8.59% over the next five years in 3 mile radius
  • Available for new market financing

Description

Olde Oaks is a 50,971 Sf shopping center built on 2,8259 acres of land. It is located in Houston, Texas at the intersection of FM 1960 West and Walters Road. FM 1960, a 7-lane highway, is the primary East/West commercial corridor in North Houston. It has undergone major improvements to accomodate higher traffic volumes. University of Houston economics professor Barton Smith completed a study of this Cy-Fair/Northwest corridor that indicate the area is going to have the highest population growth capture rate of all submarkets in the Houston Metropolitan Area; increasing its population to 1 million by 2020, up from just 600,000 currently.

Located at the signalized intersection and hard corner of FM 1960 and Walters Road, accessibility is provided by two entrances into the center via FM 1960 and Walters Road. From a mobility standpoint, northwest Houston is ready to accommodate substantial residential and commercial growth. The area offers some of the best schools in the state, any many residents have chosen to locate their businesses in the neighborhood as well. The wooded beauty of the north Houston region is a major factor in the area's popularity. Restaurants, large malls, individual stores and smaller shopping centers provide all that local residents require and need. The quality of life in the northwest Houston region is fostered by numerous cultural, recreational and health facilities and activities. Notwithstanding all its recent growth, the area can be expected to prosper for many years to come.

Map of 3702 FM 1960 West, Houston, TX 77068 (Harris County)

Research for 3702 FM 1960 West, Houston, TX 77068 (Harris County)

  • Demographics – Population, income & other demographics near 3702 FM 1960 West
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

10052 Harwin 10052 Harwin
  • Houston, TX
  • $4,699,000
  • 60,476 SF Bldg
9330 North Freeway 9330 North Freeway
  • Houston, TX
  • Price Not Disclosed
  • 39,015 SF GLA
Whataburger Corporate G... Whataburger Corporate G...
  • Houston, TX
  • $2,250,000
  • 40,867 SF Bldg
11 Photos
Crown Plaza
Crown Plaza
  • Houston, TX
  • Price Not Disclosed
  • 57,235 SF GLA
4 Photos
Retail/Office/Residenti...
Retail/Office/Residenti...
  • Houston, TX
  • Price Not Disclosed
  • 54,000 SF Bldg
2 Photos
The Meridian
The Meridian
  • Houston, TX
  • Price Not Disclosed
  • 49,503 SF Bldg
9 Photos
International Biz Cente...
International Biz Cente...
  • Houston, TX
  • $4,500,000
  • 60,000 SF Bldg
17 Photos
Hwy 6 Supermarket
Hwy 6 Supermarket
  • Houston, TX
  • $4,250,000
  • 51,418 SF GLA
10 Photos
HARWIN CHOICE PLAZA
HARWIN CHOICE PLAZA
  • Houston, TX
  • $7,170,120
  • 59,751 SF Bldg
Hermitage Oaks Retail C... Hermitage Oaks Retail C...
  • Houston, TX
  • $2,912,490
  • 42,210 SF GLA
8 Photos
North Freeway Hyundai
North Freeway Hyundai
  • Houston, TX
  • $4,150,000
  • 46,055 SF Bldg
5800 Richmond Ave 5800 Richmond Ave
  • Houston, TX
  • Price Not Disclosed
  • 43,786 SF Bldg
2 Photos
Westwood Shopping Cente...
Westwood Shopping Cente...
  • Houston, TX
  • $1,937,435
  • 49,619 SF GLA
11 Photos
Cambury Square Shopping...
Cambury Square Shopping...
  • Houston, TX
  • $3,500,000
  • 43,828 SF GLA