For Lease
$24.72/SF/YR

1600 Richey Rd Houston, TX 77073

Turnkey Event Hall, 12,160 SF, 5 Acres

Overview

Added:
Dec 11, 2024
Days on market:
127
Exceptional opportunity to acquire a thriving event hall business in Houston, Texas. This turnkey operation, located at 1600 E Richey Rd, boasts a substantial 12,160 square foot building situated on over five acres of land in Harris County, zip code 77073. The property includes ample parking for 85+ vehicles, ensuring convenient access for guests. Currently operating as a single-tenant property, the event hall generates a gross annual income between $850,000 and $950,000, with a cash flow ranging from $500,000 to $575,000. The entire business, including all equipment and inventory, is available for purchase at an asking price of $3,490,000, which includes the real estate. Alternatively, the business can be acquired separately for $500,000, with a monthly lease payment of $25,000 for the 12,160 square foot building and associated five-acre land parcel. Financial details are available upon request. This presents a unique investment opportunity with significant potential for continued growth and profitability in a desirable Houston location. The property is currently vacant and ready for immediate occupancy.

Highlights

  • Thriving event hall business for sale in Houston, TX.
  • 12,160 SF building on 5+ acres with 85+ parking spaces.
  • Fully built-out, pristine condition interior with HVAC.
  • Fully fenced and gated property.
  • All equipment and inventory included; asking price $3,490,000 (business and real estate) or $500,000 (business only, $25,000/month lease).

Property Details for 1600 Richey Rd

Property type
Specialty properties
RSF (Rentable sq. ft)
12,160 SF

Unit(s) available at that property

Space
Size
12,160 SF
Rate per SF
$24.72

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.9981262
Longitude
-95.3812408
1600 Richey Rd, Houston, Texas

FAQs

What type of property is this?
Specialty property - Turnkey Event Hall, 12,160 SF, 5 Acres
Where is the specialty property located?
The property is located at 1600 Richey Rd Houston, TX.
What is the lease rate?
The lease rate is $24.72/SF/YR.
What are key features of this property?
This property features: Thriving event hall business for sale in Houston, TX.; 12,160 SF building on 5+ acres with 85+ parking spaces.; Fully built-out, pristine condition interior with HVAC.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1600 Richey Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message