1600 Richey Rd Houston, TX 77073-3511
- Specialty properties
- 12,160 SF
- 4.47 lot acres
Current Use by Public Records
- Richey Garden Reception Hall / Banquet Hall
- Richey Gardens / Event Management Company
Property Details for 1600 Richey Rd
- Year built
- 2005
- Construction
- METAL FRAME
- Lot size
- 4.47 lot acres
- Property size
- 12,160 SF
- Property type
- Specialty properties
- APN
- 1269980010001
- APU
- 1269980010001
Description
Exceptional opportunity to acquire a thriving event hall business in Houston, Texas. This turnkey operation, located at 1600 E Richey Rd, boasts a substantial 12,160 square foot building situated on over five acres of land in Harris County, zip code 77073. The property includes ample parking for 85+ vehicles, ensuring convenient access for guests. Currently operating as a single-tenant property, the event hall generates a gross annual income between $850,000 and $950,000, with a cash flow ranging from $500,000 to $575,000. The entire business, including all equipment and inventory, is available for purchase at an asking price of $3,490,000, which includes the real estate. Alternatively, the business can be acquired separately for $500,000, with a monthly lease payment of $25,000 for the 12,160 square foot building and associated five-acre land parcel. Financial details are available upon request. This presents a unique investment opportunity with significant potential for continued growth and profitability in a desirable Houston location. The property is currently vacant and ready for immediate occupancy.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.381
- Latitude
- 29.9976
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
