1411 Richmond AveHouston, TX 77006

Property Details for 1411 Richmond Ave

Year built

1959

Construction

CONCRETE BLOCKS

Lot size

0.27 AC

Property size (Sq ft)

7,661 SF

Property type

Retail space

APN

392220000009

APU

392220000009

Description

This exceptional commercial land offering presents a unique investment opportunity in the vibrant Montrose neighborhood. The property boasts a substantial 6,215 square foot building currently configured for single-tenant retail use, ideally suited for a variety of businesses. Situated on a sizable 15,400 square foot lot, the property benefits from an impressive 123 feet of frontage along the highly traveled Richmond Avenue, ensuring exceptional visibility and accessibility. The location within Montrose guarantees high foot traffic and exposure to a densely populated and affluent demographic. Its proximity to the Museum District and River Oaks further enhances its desirability and potential for strong returns. This property is perfect for an owner-user seeking a prominent location or an investor looking for a stable, high-traffic retail investment. The single-tenant configuration offers simplicity and ease of management, while the ample land provides potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-positioned commercial property in one of Houston's most sought-after neighborhoods. Don't miss this chance to secure a prime piece of Montrose real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $2,306,409

  6.5%

  $2,128,993

  7%

  $1,976,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,853,565

  Geo Method

  $5,779,940

• Alternative Use

  Use

  Valuation

  Residential

  $1,795,885

  Hospitality

  $1,645,021

  Educational

  $1,368,638

  Medical

  $1,415,708

  Retail

  $2,128,993

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7341

Longitude

-95.3974

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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