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Big Changes for Montrose? Block with That Half Price Books Strip Center Is for Sale

Big Changes for Montrose? Block with That Half Price Books Strip Center Is for Sale

The real-estate gurus at Swamplot took note of an interesting listing among commercial real estate properties: The block of land at Montrose and Westheimer that contains the strip center with Half Price Books.

The listing by HFF says the 2.86-acre plot, which includes the entire block, "represents an excellent opportunity to acquire a value-add retail center or a prime redevelopment opportunity ideal for multi-family, hotel, retail, medical, or mixed use development."

The site, of course, sits next to two of the most recent indicators of a rejuvenating Montrose, El Real and the Underbelly-Hay Merchant combo.

The strip center is 44,194 square feet and about half-leased, with Spec's, a Papa John's and 3-6-9 China Bistro joining Half Price Books.

Back in the day -- and possibly restorable? -- the center had a neat Art Deco look to match the then-Tower Theater, where El Real is, according to photos on Swamplot.

There is no price listed in the executive summary, but HFF is using $10 million as a figure to think about.

This could be a big change for the area.


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