5229 Griggs Rd Houston, TX 77021-3712
- Outlet malls
- 13,248 SF
- 2.00 lot acres
Current Use by Public Records
- Nothing Over 99 Plus / Dollar Store
Property Details for 5229 Griggs Rd
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.00 lot acres
- Property size
- 13,248 SF
- Property type
- Outlet malls
- APN
- 410070310010
- APU
- 410070310010
Description
This exceptional Houston commercial property at 5229 Griggs Rd, located in Harris County, Texas, 77021, presents a unique investment opportunity. The 2-acre lot encompasses a substantial 27,797 square foot building, offering a blend of retail and industrial space. The property includes a thriving 13,182 square foot discount store, complete with existing inventory and business operations, which are included in the sale price of $1,899,999. An additional 14,615 square foot warehouse provides ample storage or expansion potential. The price per square foot is $68.35. This prime location benefits from high visibility due to its proximity to the intersection of Griggs Rd and MLK Blvd, offering excellent access and exposure. Furthermore, the property enjoys a strategic position near the Texas Medical Center and the University of Houston, ensuring a strong and diverse customer base. The existing infrastructure provides immediate income generation potential, while the expansive lot size allows for future development or expansion opportunities. This versatile property is ideal for investors seeking a blend of immediate return and long-term growth potential in a thriving Houston market. The property's size and location make it a rare find in this competitive market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.335
- Latitude
- 29.6982
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
