Office Medical
Auction - Bank Owned Houston MSA Medical Building | 49% Occupied | 38K VPD
1601 Main St, Richmond, TX 77469
Listing Price: $1,500,000
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace
Marcus and Millichap and RI Marketplace are pleased to offer the Oak Bend Medical Building (the “Property”) located at 1601 Main Street in Richmond, Texas approximately 30 miles southwest of Houston.
Oak Bend Medical Building, a 91,138 rentable square foot medical of?ce building, is located in the center of Richmond, Texas. The Property provides an investor with a true value-add medical of?ce building investment opportunity. The building is located along Highway 90, aka Main Street, the main traf?c artery bisecting the city of Richmond. The Property has multiple access points to enter with visitor parking in the front and with ample surface parking for staff and reserved doctor surface parking both at the rear of the building.
Currently at 49.2% percent occupancy, Oak Bend Medical Building offers a true value-add play for any astute investor. The seller has invested substantial capital in upgrading the interior and building systems within the medical of?ce building. The property is connected via a skywalk to the adjacent Oak Bend Medical Center (Hospital), a 184-bed thriving hospital serving the Richmond area since 1950. The property is truly a rare gem and an exceptional opportunity for an investor to purchase a signi?cantly renovated medical of?ce building at a substantial discount to replacement cost.
Investment Highlights
- STARTING BID $1,500,000 | 49% Occupied | 38K VPD | AUCTION SEPTEMBER 11-13, 2023
- Six Story Medical Office Building and Basement in Houston MSA
- Adjacent to Oak Bend Medical Center (Hospital) and Connected via Skywalk
- $2 Million+ in Capital Expenditures Since 2017 including Common Area, Elevator Cab, Awning, Plumbing, HVAC, Fire Sprinklers, Emergency Generator, Chiller Compressor, Cooling Tower, and More
- Highly Accessible, Amenity-Rich Location Proximate to Retail, I-69, Restaurants, and Demand Generating Hospital
- Strategic Location on US-90 (±27,234 VPD) at Signalized Intersection with Collins Road (±11,021 VPD)
- Affluent Houston Suburb with 2023 Population ±115,727 within 5-Miles and Average Household Income of ±$107,047
- Tremendous 38.46% Growth from 2010-2023 and 7.32% Growth Anticipated from 2023-2028 (5-Mile Radius)
Exclusively Listed By
Broker of Record
Office Medical
Auction - Bank Owned Houston MSA Medical Building | 49% Occupied | 38K VPD
Listing Price: $1,500,000
Investment Highlights
- STARTING BID $1,500,000 | 49% Occupied | 38K VPD | AUCTION SEPTEMBER 11-13, 2023
- Six Story Medical Office Building and Basement in Houston MSA
- Adjacent to Oak Bend Medical Center (Hospital) and Connected via Skywalk
- $2 Million+ in Capital Expenditures Since 2017 including Common Area, Elevator Cab, Awning, Plumbing, HVAC, Fire Sprinklers, Emergency Generator, Chiller Compressor, Cooling Tower, and More
- Highly Accessible, Amenity-Rich Location Proximate to Retail, I-69, Restaurants, and Demand Generating Hospital
- Strategic Location on US-90 (±27,234 VPD) at Signalized Intersection with Collins Road (±11,021 VPD)
- Affluent Houston Suburb with 2023 Population ±115,727 within 5-Miles and Average Household Income of ±$107,047
- Tremendous 38.46% Growth from 2010-2023 and 7.32% Growth Anticipated from 2023-2028 (5-Mile Radius)
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus and Millichap and RI Marketplace are pleased to offer the Oak Bend Medical Building (the “Property”) located at 1601 Main Street in Richmond, Texas approximately 30 miles southwest of Houston. Oak Bend Medical Building, a 91,138 rentable square foot medical of?ce building, is located in the center of Richmond, Texas. The Property provides an investor with a true value-add medical of?ce building investment opportunity. The building is located along Highway 90, aka Main Street, the main traf?c artery bisecting the city of Richmond. The Property has multiple access points to enter with visitor parking in the front and with ample surface parking for staff and reserved doctor surface parking both at the rear of the building. Currently at 49.2% percent occupancy, Oak Bend Medical Building offers a true value-add play for any astute investor. The seller has invested substantial capital in upgrading the interior and building systems within the medical of?ce building. The property is connected via a skywalk to the adjacent Oak Bend Medical Center (Hospital), a 184-bed thriving hospital serving the Richmond area since 1950. The property is truly a rare gem and an exceptional opportunity for an investor to purchase a signi?cantly renovated medical of?ce building at a substantial discount to replacement cost.
Exclusively Listed By
Broker of Record

