1643 Richmond Ave Houston, TX 77006
This exceptional 3,000-square-foot retail building, constructed in 2024, presents a unique investment opportunity in Houston's vibrant Montrose neighborhood. The single-tenant property is entirely vacant and ready for immediate occupancy. Its strategic location on Richmond Avenue, between Dunlavy Street and Montrose Boulevard, provides unparalleled visibility and accessibility. The building benefits from its proximity to major thoroughfares, including Highway 59 and Interstate 45, ensuring convenient access for customers and employees. Situated in the heart of Montrose, this property is just minutes away from affluent neighborhoods such as River Oaks, Upper Kirby, Midtown, Southampton, and the Museum District, guaranteeing a substantial customer base. The building's modern design and prime location make it ideal for a variety of retail uses, offering significant potential for growth and return on investment. This is a rare opportunity to secure a brand-new, high-visibility retail space in one of Houston's most desirable and high-traffic areas. The property is classified as a retail building, single tenant, within Harris County. The entire 3,000 square feet is currently available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.