Commercial
Richmond Avenue Pad Site
4041 Richmond Ave., Houston, TX 77027
Listing Price: $2,759,000
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale 0.4684 Acres located at 4041 Richmond Avenue in Houston, Texas 77027. The property is positioned in the Greenway/Upper Kirby Houston submarket with irreplaceable land located on Richmond Avenue (25,589 vehicles per day), one block away from Costco (Richmond Avenue at Weslayan Street).
Currently, the pad site has vacant office and parking garage structure. However, the seller intends to sell based on land value only, and the property is being considered as 20,403 square foot parcel of land. Please call broker for estimate to raze both the office and garage structures.
The surrounding area includes Greenway Plaza, which consists of ten prestigious Class A office buildings totaling 4.3 million square feet. Area retailers and entertainment include Costco, Regal Edwards Theater, Chipotle, multiple local restaurants, and more. Conveniently located near luxury apartments, retail, hospitality, entertainment, and restaurants, this site is ideal for retail or mixed-use redevelopment.
Richmond Avenue Pad Site
Investment Highlights
- Irreplaceable Location in Greenway/Upper Kirby Submarket With Approximately ±100 Feet of Richmond Avenue Frontage
- Inner Loop Location Inside Southwest Freeway (300,045 Vehicles Per Day) and Interstate 610 (208,520 Vehicles Per Day)
- Annual Average Household Income of $167,430 and Median Housing Value of $545,940 Within One-Mile Radius
- $135.23 Per Square Foot (Lot Size)
- Exposure to Over 25,000 Vehicles Per Day on Richmond Avenue
- Close Proximity to Houston Galleria and Greenway Plaza
- 205,870 Population Within Three Miles
Exclusively Listed By
Financing By
Listing Price: $2,759,000
Investment Highlights
- Irreplaceable Location in Greenway/Upper Kirby Submarket With Approximately ±100 Feet of Richmond Avenue Frontage
- Inner Loop Location Inside Southwest Freeway (300,045 Vehicles Per Day) and Interstate 610 (208,520 Vehicles Per Day)
- Annual Average Household Income of $167,430 and Median Housing Value of $545,940 Within One-Mile Radius
- $135.23 Per Square Foot (Lot Size)
- Exposure to Over 25,000 Vehicles Per Day on Richmond Avenue
- Close Proximity to Houston Galleria and Greenway Plaza
- 205,870 Population Within Three Miles
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale 0.4684 Acres located at 4041 Richmond Avenue in Houston, Texas 77027. The property is positioned in the Greenway/Upper Kirby Houston submarket with irreplaceable land located on Richmond Avenue (25,589 vehicles per day), one block away from Costco (Richmond Avenue at Weslayan Street). Currently, the pad site has vacant office and parking garage structure. However, the seller intends to sell based on land value only, and the property is being considered as 20,403 square foot parcel of land. Please call broker for estimate to raze both the office and garage structures. The surrounding area includes Greenway Plaza, which consists of ten prestigious Class A office buildings totaling 4.3 million square feet. Area retailers and entertainment include Costco, Regal Edwards Theater, Chipotle, multiple local restaurants, and more. Conveniently located near luxury apartments, retail, hospitality, entertainment, and restaurants, this site is ideal for retail or mixed-use redevelopment.
Exclusively Listed By
Financing By
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