Freestanding Corner Restaurant Griggs Road 4575 Griggs Rd 1,176 SF Retail Building Houston, TX 77021 $499,000 ($424.32/SF)
INVESTMENT HIGHLIGHTS
- $499,000.00 - 1,176 SF, Freestanding 2nd Gen Restaurant
- Property on major thoroughfare near University of Houston (38K students), Texas Southern University (6k students) and Houston Innovation Center
- Will consider owner financing with 30% down payment
- 2nd Generation restaurant at corner of lighted intersection in densely populated Houston submarket
- Three miles from Texas Medical Center and MacGregor Park faces Griggs Road with great visibility and access
- Seller is motivated
EXECUTIVE SUMMARY
Freestanding 2nd Generation restaurant at corner of lighted intersection in densely populated Houston submarket.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,176 SF
Building Class
C
Year Built
1984
Price
$499,000
Price Per SF
$424.32
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.34 AC
Opportunity Zone
Yes
Parking
12 Spaces (7.22 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0410070160118 | Improvements Assessment | $271,438 (2023) |
| Land Assessment | $253,260 (2023) | Total Assessment | $524,698 (2023) |
