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    2719 Richey St Houston, TX 77017

    Sponsored
    For Lease
    $9 SF/Yr ($8,536 /Mo)

    High-traffic, renovated retail space

    Lot size:
    11,382 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,382-square-foot retail property in Houston, TX, presents a prime investment opportunity. Situated on a 1.336-acre lot at 2719 S Richey St, 77017, this single-tenant building boasts 11,000 square feet of vacant space, ideal for a variety of uses, including grocery, restaurant, nail salon, mattress store, or butcher shop. Completely renovated in 2020, the property features a new HVAC system, new plumbing, a tankless water heater, grease trap, two restrooms, and a separate office. The space includes three walk-in cooler/freezer units with stainless steel interiors (approximately 9x16 feet and two 11x11 feet), and an additional room with a walk-in strip curtain door/cooler. A prominent pylon sign ensures high visibility. Conveniently located near major freeways and just 12 minutes from Hobby International Airport, this property benefits from exceptional accessibility and high traffic volume. Built in 1966, this one-story building offers significant potential for a savvy investor seeking a strong return. The property's extensive upgrades and prime location make it an attractive proposition for a variety of retail businesses.

    Property Features for 2719 Richey St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,382 SF
    Total Rate
    8536.5

    Building Details

    Year Built/Renovated
    1966/2020
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    11,000 SF
    Rate per SF
    $9

    HighLights

    • High‑traffic, prime investment opportunity.
    • Excellent freeway access, 12 minutes from Hobby Airport.
    • Completely remodeled in 2020 with new HVAC, plumbing, and tankless water heater.
    • Features 11,000 SF of additional storage space, grease trap, two restrooms, and a separate office.
    • Includes three (3) walk‑in coolers/freezers (approx. 9'x16' and two 11'x11') and one additional walk‑in cooler.
    • Prominent pylon signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vigo Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.228175185446
    Latitude
    29.679392439813

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    FAQs

    What type of property is this?
    Retail property - High-traffic, renovated retail space
    Where is this retail property located?
    The property is located at 2719 Richey St Houston, TX.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: High-traffic, prime investment opportunity.; Excellent freeway access, 12 minutes from Hobby Airport.; Completely remodeled in 2020 with new HVAC, plumbing, and tankless water heater.
    Request Owner's contact information
    2719 Richey St 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
    2719 Richey St Houston, TX 77017
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