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    3415 Richey St Houston, TX 77017

    Sponsored
    For Sale
    $1,500,000

    Prime Houston industrial land, ideal for redevelopment.

    Property size:
    90,258 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.421-acre property, located at 3415 S Richey St, Houston, TX 77017, presents a significant investment opportunity. The site encompasses two tracts totaling between 90,258 and 145,912 square feet, currently utilized as an automotive parts and auto salvage yard. Its strategic location offers convenient access to Highway 45 South and Hobby Airport, ensuring excellent connectivity for logistics and transportation. The property is equipped with existing utilities, simplifying development plans. The asking price for this versatile land is $1,500,000. Its size and location make it suitable for a wide range of industrial or commercial projects, providing substantial potential for future growth and return on investment. This is a rare opportunity to acquire a sizable parcel of land in a thriving Houston market, ready for immediate development or redevelopment. The property is situated in Harris County and benefits from its established infrastructure and proximity to major transportation arteries. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for 3415 Richey St

    General Information

    Property type
    Land
    Square Feet
    90,258 SF
    Lot Size
    236,139 SF

    HighLights

    • 5.42‑acre site (two tracts totaling 90,258 - 145,912 SF) at 3415 S Richey St, Houston, TX 77017.
    • Currently operating as an automotive parts and auto salvage yard.
    • Ideal for industrial or commercial redevelopment.
    • Excellent access to Hwy 45 South and Hobby Airport.
    • Existing utilities on‑site.
    • $1,500,000
    Property Profile Location Intelligence

    Current Use by Public Records

    South Richey Auto ... Used Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2381285
    Latitude
    29.6705331

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    FAQs

    What type of property is this?
    Land - Prime Houston industrial land, ideal for redevelopment.
    Where is this land located?
    The property is located at 3415 Richey St Houston, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 5.42-acre site (two tracts totaling 90,258 - 145,912 SF) at 3415 S Richey St, Houston, TX 77017.; Currently operating as an automotive parts and auto salvage yard.; Ideal for industrial or commercial redevelopment.
    Request Owner's contact information
    3415 Richey St Houston, TX 77017
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    Houston, TX 77017
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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
    3415 Richey St Houston, TX 77017
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