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- LoopNet Team
3707 Las Palmas St
Houston, TX 77027
Land For Sale
·
0.84 AC
INVESTMENT HIGHLIGHTS
- Irreplaceable Location in Greenway/Upper Kirby Submarket With Approximately ±252 Feet of Richmond Avenue Frontage and Approximately ±200 F
- Annual Average Household Income of $168,168 and Median Housing Value of $666,650 Within One-Mile Radius
- Exposure to Over 27,845 Vehicles Per Day on Richmond Avenue
- Inner Loop Location Inside Southwest Freeway (328,349 Vehicles Per Day) and Interstate 610 (322,344 Vehicles Per Day)
- Priced to Sell at $119.52 Per Square Foot (Lot Size)
- Densely Populated Area: The population within a 5-mile radius totals 518,426. Daytime population within a 3-mile radius totals 405,343.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 0.84 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.84 AC |
DESCRIPTION
Marcus & Millichap is pleased to exclusively list for sale 1.34 Acres, located at the southeast Corner of 4041 Richmond Avenue and 3707 Las Palmas Street in Houston, Texas 77027. The property is positioned in the Greenway/Upper Kirby Houston submarket with irreplaceable land located on Richmond Avenue (27,845 vehicles per day), one block away from Costco (Richmond Avenue at Weslayan Street). Currently, this redevelopment opportunity includes an 8,255 square feet light industrial warehouse/garage which is currently occupied on a month-to-month basis, paying $2,500 per month gross. The existing warehouse building can be razed at an estimated cost of $25,000. The surrounding area includes Greenway Plaza, which consists of ten prestigious Class A office buildings totaling 4.3 million square feet. Area retailers and entertainment include Costco, Regal Edwards Theater, Chipotle, multiple local restaurants, and more. Conveniently located near luxury apartments, retail, hospitality, entertainment, and restaurants, this site is ideal for retail or mixed-use redevelopment.
PROPERTY TAXES
| Parcel Number | 0410170020840 | Improvements Assessment | $75,268 |
| Land Assessment | $2,663,570 | Total Assessment | $2,738,838 |
PROPERTY TAXES
