1724 Richmond Ave - Medical FOR SALE


Houston, TX 77098- Montrose
$2,995,000 USD
713-316-7059
1724 Richmond Ave, Houston, TX for Sale
$2,995,000 USD
Medical - FOR SALE
1/24
null | Request Cap Rate

1724 Richmond Ave
Houston, TX 77098
Montrose


OVERVIEW

Now available for sale is the Richmond Medical Building, a 4,800 sq ft medical-office building ideally situated near the southern edge of the Montrose district of Central Houston on heavily traveled Richmond Ave. This area is experiencing rapid redevelopment with new buildings of every asset class popping up in either direction for miles. Originally a fine art gallery, this modern contemporary structure was built in 2004 and converted to a medical office in 2018 by the current owners, a multi-specialty medical group who has now outgrown the space. The building offers superb visibility from Richmond Ave in either direction with over 26k cars per day passing by. It also features one of the area’s biggest parking lots with 26 striped spaces (and room to add a few more in the rear gated area). The building features a small reception area at the entrance with 5 small patient rooms on the 1st floor and 1 private office & a bullpen setup on the 2nd floor. The 3rd floor currently functions as the executive office and features a large outdoor area overlooking Richmond Ave. and faces the city’s skyline. The Richmond Medical Building offers high-quality clinical space and a high-visibility, easily accessible location for both customers and its next owner. While this building can be easily converted to another use, it presently offers a turn-key space for most medical professionals to open their next practice almost immediately.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$624 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

None

APN/PARCEL ID

0522660000013

ASK ABOUT THIS PROPERTY

Ryan DeGennaroPartnersMore Info
713-316-7059

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Ryan DeGennaroPartnersMore Info
713-316-7059

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.