Bay City Redevelopment Opportunity
Retail | 108,054 SqFt
Marketing description
At $13/SF for 108,054 SF, the offering represents a significant discount to any comparable replacement cost along the Texas Gulf Coast corridor. 108,054 SF on 7.28 acres with no comparable vacant block available in the market — accommodating multi-tenant strip, anchor-plus-inline, medical/service, or mixed-use repositioning.
The property sits within Bay City's most active Tax Increment Reinvestment Zone, where the city is actively co-investing in infrastructure and incentivizing commercial redevelopment. Century Communities and Lennar have both entered Bay City, delivering new homes across Valor Park, Russell Ranch, and Meadow Oaks — with hundreds of new rooftops underway from two of the nation's largest publicly traded homebuilders.
STP Nuclear (1,200 employees), Tenaris (700+ employees), Chevron Phillips Chemical, Roehm America, Air Liquide, and Phillips 66 anchor a stable, high-income consumer base in the primary trade area. Anchored by H-E-B and Walmart, with CVS, Walgreens, AutoZone, and Dollar Tree in place — and Chick-fil-A, Marshalls, Ashley Furniture, Popeye's, and 7 Brew Coffee recently opened or under construction.
Investment highlights
- Redevelopment or Value-Add Opportunity at an Exceptional Basis: At $13/SF for 108,054 SF, the offering represents a significant discount to any comparable replacement cost along the Texas Gulf Coast corridor
- Scale & Flexibility: 108,054 SF on 7.28 acres with no comparable vacant block available in the market — accommodating multi-tenant strip, anchor-plus-inline, medical/service, or mixed-use repositioning.
- TIRZ 5 — City-Supported Redevelopment Zone: The property sits within Bay City's most active Tax Increment Reinvestment Zone, where the city is actively co-investing in infrastructure and incentivizing commercial redevelopment.
- Residential Growth in the Trade Area: Century Communities and Lennar have both entered Bay City, delivering new homes across Valor Park, Russell Ranch, and Meadow Oaks — with hundreds of new rooftops underway from two of the nation's largest publicly traded homebuilders.
- Strong Industrial Employment Base: STP Nuclear (1,200 employees), Tenaris (700+ employees), Chevron Phillips Chemical, Roehm America, Air Liquide, and Phillips 66 anchor a stable, high-income consumer base in the primary trade area.
- Established & Expanding Retail Market: Anchored by H-E-B and Walmart, with CVS, Walgreens, AutoZone, and Dollar Tree in place — and Chick-fil-A, Marshalls, Ashley Furniture, Popeye's, and 7 Brew Coffee recently opened or under construction.
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