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    3403 Richmond Ave Houston, TX 77046

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    For Sale
    Contact for pricing

    3-Story Building, 42,334 SF, 2.21 Acres

    Property size:
    42,334 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at the southwest corner of Richmond Avenue and Buffalo Speedway in Houston, Texas (77046), presents a unique investment opportunity. The 42,334 square foot building, constructed in 1979, sits on a generous 2.21-acre lot (approximately 96,268 square feet). The three-story structure is classified as Class B and currently features three units, adaptable to a variety of uses. Its zoning allows for hospitality, multifamily, office, and retail uses, making it highly versatile. The property's prime location offers excellent visibility and accessibility, with proximity to Transwestern Development The RO. City of Houston utilities are in place. This location provides significant development potential for investors seeking to capitalize on the thriving Houston market. The property's size and zoning flexibility offer a wide range of redevelopment possibilities, from expanding existing uses to creating entirely new concepts. This is an exceptional opportunity to acquire a substantial property in a high-demand area with significant upside potential. The property's existing infrastructure and convenient location make it an attractive investment for both short-term and long-term growth.

    Property Features for 3403 Richmond Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    42,334 SF
    Class
    B
    Lot Size
    96,268 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • High‑profile location at the southwest corner of Richmond Avenue and Buffalo Speedway.
    • Excellent development or investment opportunity.
    • Exceptional southwest corner location at Richmond Ave & Buffalo Speedway.
    Property Profile Location Intelligence

    Current Use by Public Records

    713 Auto Insurance ... Auto Insurance Agency Sunny-Garage-_D00R LLC. General Contractor Chase Mortgage Mortgage Lender

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.429395617889
    Latitude
    29.73369579259

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    FAQs

    What type of property is this?
    Multifamily property - 3-Story Building, 42,334 SF, 2.21 Acres
    Where is this multifamily property located?
    The property is located at 3403 Richmond Ave Houston, TX.
    What are key features of this property?
    This property features: High-profile location at the southwest corner of Richmond Avenue and Buffalo Speedway.; Excellent development or investment opportunity.; Exceptional southwest corner location at Richmond Ave & Buffalo Speedway.
    Request Owner's contact information
    3403 Richmond Ave Houston, TX 77046
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    Houston, TX 77046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3403 Richmond Ave Houston, TX 77046
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