7301 Grand PkwyRichmond, TX 77407

  • Other commercial real estate
  • 179,982 SF
For Sale

Property Details for 7301 Grand Pkwy

Year built
2013
Lot size
19.74 AC
Property size (Sq ft)
179,982 SF
Property type
Other commercial real estate
APN
8036-00-001-0010-901
APU
8036000010010901

Description

This exceptional 177,000 square foot building sits on a 19.74-acre lot in Richmond, TX, a highly desirable Houston suburb. Built in 2013, this former 22-screen theater boasts approximately 5,000 seats, along with an arcade, bowling alley, concessions, restaurants, and ample dining areas. All existing equipment is included in the sale. The property enjoys a prime location on West Grand Parkway South, just south of Westpark Tollway, with over 50,000 cars passing daily. Situated within the Long Meadow Farms Shopping Center, it benefits from over 1 million annual visitors to the center, and proximity to other major retailers like Gallery Furniture and Spring Creek Barbecue. The area boasts a strong demographic profile, with nearly 1.7 million people within a 15-mile radius and an average household income exceeding $123,000 within one mile. Nearby schools have over 700 students each. Importantly, Fort Bend County's lack of zoning restrictions presents a unique redevelopment opportunity for investors. This property offers significant potential for a variety of new uses, capitalizing on its size, location, and existing infrastructure. Three additional shopping centers within three miles generate over 5 million annual visitors, further enhancing the property's potential. This is a truly remarkable redevelopment opportunity in a thriving Houston community.

7301 Grand Pkwy, Richmond, Texas

Location Insight

City
Richmond
County
Fort Bend
State
Texas
Latitude
29.6715
Longitude
-95.749
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$300,335
$8,386,236
$17,191,405
$25,577,641
-
$8,386,236
$17,191,405
$25,577,641

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