For Sale
$1,975,000

5250 Fm 1640 Rd Richmond, TX 77469

Former bank, 6,541 SF, 2-acre lot.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional redevelopment opportunity presents a vacant, 6,541-square-foot former IBC Bank building situated on a generous 2-acre lot in Richmond, Texas. The single-story, Class B property, built in 2001, offers significant potential for adaptive reuse. Currently vacant, the building provides a blank canvas for a variety of retail concepts. With a total of 6,541 square feet of net rentable space, the property boasts a compelling price per square foot of $301.94. The land itself offers considerable value, with a price per square foot of $28.50. Ample parking is available, providing 28 spaces per 1,000 square feet. The property's address is 5250 FM1640, Richmond, TX 77469, within Fort Bend County. The property features a prominent location with pylon signage availability, enhancing visibility and attracting potential customers. This is an ideal investment for developers seeking a high-impact retail project in a thriving Texas market. The property's APN is 0055-00-000-0676-901. The asking price is $1,975,000.

Highlights

  • Large-scale property with redevelopment potential.
  • High-traffic location, ideal for retail or mixed-use development.
  • Significant upside potential due to favorable zoning regulations.
  • Property offers substantial square footage for various uses.
  • Excellent access to major transportation arteries.

Property Details for 5250 Fm 1640 Rd

Property type
Retail properties, Banks
Square Feet
6,541 SF
Class
B
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
87,120 SF
Units
1

Location Insight

City
Richmond
County
Fort Bend
State
Texas
Latitude
29.557977817867
Longitude
-95.764306250195

FAQs

What type of property is this?
Retail property - Former bank, 6,541 SF, 2-acre lot.
Where is the retail property located?
The property is located at 5250 Fm 1640 Rd Richmond, TX.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Large-scale property with redevelopment potential.; High-traffic location, ideal for retail or mixed-use development.; Significant upside potential due to favorable zoning regulations.
How can I contact the broker?
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5250 Fm 1640 Rd
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