HighStar Rookin Office/Retail Portfolio 2 Properties Offered at $4,316,067 CAD in Houston, TX

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.