3300 Yorktown St Houston, TX 77056

This exceptional 1.13-acre property presents a compelling redevelopment opportunity in Houston's prestigious Galleria area. The site boasts a prime corner location with approximately 200 feet of frontage on both Richmond Avenue and Yorktown Street, offering significant visibility and accessibility. Currently improved with a 34-unit Class B condominium building, this property presents a unique value-add proposition. The existing building is occupied by tenants, providing immediate cash flow potential. The location is highly desirable, situated just 0.7 miles from the Galleria Mall, a major regional shopping destination. The property's 50,470 square foot building sits on a 1.13-acre lot within the Houston Independent School District. High traffic counts are recorded on nearby Richmond Avenue (15,901 VPD) and Chimney Rock Road (25,360 VPD), underscoring the area's strong commercial viability. This distressed sale offers a rare chance to acquire a significant land parcel in a prime Houston location, with the potential for substantial returns. The asking price is $3,900,000, translating to approximately $117,352.94 per unit. This presents a unique opportunity for investors seeking a value-add project in a high-demand area. The property is zoned for commercial and residential use.