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    OFF-MARKET
    Retail space

    1902 Ridgewood St, Houston, TX 77006

    1,536 SF Built 1921
    Property ID
    US83-1588481
    Property summary
    AI-generated overview

    This exceptional 1,536 sq ft mixed-use property at 1902 Ridgewood St, Houston, TX 77006, is offered at $799,000 ($520.18/sq ft). The single-tenant, 100% occupied storefront, medical office, and creative office space is currently leased under a gross lease until April 29, 2025, with approximately 0.4 years remaining. Built in 1921, this one-story building sits on a large 6,550 sq ft lot, offering significant potential. The property boasts unique original character, including stained glass windows. Additional features include a built-in swimming pool and a two-story guest house complete with a kitchen and bathroom. The main house features a chef's kitchen, breakfast room, vaulted ceilings in the living room, a fireplace in the formal dining room, and two bedrooms and bathrooms located downstairs. The primary bedroom includes an en-suite bathroom and a stained glass window. Upstairs flex space adds versatility. The property is sold "as-is, where-is," and ample notice is required for showings. This unrestricted property presents a remarkable opportunity, especially considering the possibility of combining it with the adjacent 1901 Dunlavy property to create a continuous 10,000 sq ft lot (per HCAD).

    Property profile
    Verified
    Property type Retail space
    Year built 1921
    Total area 1,536 SF
    UPID US83-1588481
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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