4001 Richmond AveHouston, TX 77027

Property Details for 4001 Richmond Ave

Year built

2004

Construction

STEEL FRAME

Lot size

0.50 AC

Property size (Sq ft)

7,625 SF

Property type

Retail properties

Property subtype

Strip malls

APN

1255050010001

APU

1255050010001

Description

This exceptional 7,000 square foot retail strip center presents a unique investment opportunity in Houston's vibrant Greenway/Upper Kirby area. Situated on a 21,700 square foot lot at the southeast corner of Richmond and Weslayan Avenues, this 2004-built property offers high visibility and accessibility. Currently, 1,120 square feet of retail space is available for lease within this multi-tenant center. The property benefits from its strategic location directly across from a major entertainment hub – a 24-screen Edwards Theatre boasting 5,800 seats. This high-traffic area ensures significant foot traffic and exposure for businesses. Furthermore, the proximity to Lakewood Church adds to the already substantial draw of this location. The property's location in Harris County, Texas, with a Houston, TX 77027 zip code, provides easy access to major thoroughfares and a dense residential population. This is an ideal opportunity for businesses seeking a high-profile location with strong potential for growth and success in a well-established and thriving commercial district. The available space offers flexibility for a variety of retail concepts, making it an attractive proposition for discerning investors and entrepreneurs. The property's solid construction and prime location make it a compelling investment opportunity in a dynamic and growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,295,570

  6.5%

  $2,118,988

  7%

  $1,967,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,840,156

  Geo Method

  $5,752,779

• Alternative Use

  Use

  Valuation

  Residential

  $1,787,446

  Hospitality

  $1,637,291

  Educational

  $1,362,207

  Medical

  $1,409,055

  Retail

  $2,118,988

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7323

Longitude

-95.4418

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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