Prime Land in Houston,
For Sale
$1,499,000
5229 Griggs Road, Houston, TX 77021
Two-acre commercial land near UH, TSU, and Medical Center.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market177
Property Features for 5229 Griggs Road
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$25,539
Amenities
Interior Lot
Level
Listing Agency:
CARLOS GARCIA REALTY, INC.
(713) 928-5211
Listed By:
ERIC GARCIA · License #0690804
Source:
Corcoran
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 8 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CARLOS GARCIA REALTY, INC.
Investment Insights
Based on property information with market context.
This property features two acres of commercial land situated in an inner loop location near the intersection of Griggs Rd and MLK in southeast Houston. The area is experiencing rapid development and is located near the University of Houston, Texas Southern University, and the Medical Center. Currently, there are two buildings on the property. Building #1 is owner-operated as a discount store and convenience store on a month-to-month basis. Building #2 is vacant. The property is being sold for its land value, presenting opportunities for repurposing or redevelopment. The owner may consider a temporary short-term lease back or will deliver the property vacant upon closing.
Key Highlights
- Prime inner loop location in a rapidly developing area near UH, TSU, and the Medical Center.
- Large 2‑acre lot being sold for land value.
- Many opportunities to repurpose or redevelop the land.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 77021, TX
28,055
Population
12,819
Households
2.2
Avg Household Size
36
Median Age
34%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,599
Density / Sq Mi
$45,034
Median Household Income
$38,041
Median Earnings
$1,193
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two-acre commercial land near UH, TSU, and Medical Center.
Where is this commercial land located?
The property is located at 5229 Griggs Road Houston, TX.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime inner loop location in a rapidly developing area near UH, TSU, and the Medical Center.; Large 2‑acre lot being sold for land value.; Many opportunities to repurpose or redevelop the land.
