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    OFF-MARKET
    Commercial real estate

    907 Morton St, Richmond, TX 77469

    5,600 SF
    Property ID
    US83-3788020
    Property summary
    AI-generated overview

    This exceptional mixed-use property in Old Town Richmond, Texas, presents a unique investment opportunity. Priced at $750,000, this 5,600 square foot property sits on a generous 34,710 square foot lot at 907 Morton St, 77469. The main building, a striking two-story structure, features individual rooms upstairs and shared spaces downstairs. A second building, also two stories, is divided into two separate units. Adding to the property's versatility is a pool house complete with a full kitchen and bathroom, although the pool itself requires restoration. Previously used as office space and an event venue, the property boasts two large outdoor tents (currently disassembled and stored on-site), ample green space, and substantial brick and concrete paved areas perfect for gatherings. The property's charming exterior includes a brick wall, a circular driveway, and a grand two-story pillared entrance. While currently zoned commercial, it has a residential history, offering a canvas for creative redevelopment. Any business plans will require city approval. This property offers a blend of historical charm and significant potential in a desirable location. Buyers should be aware that the property is being sold AS-IS.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 5,600 SF
    UPID US83-3788020
    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
    Current use
    Occupant on record · Public records
    • The Manor House Of Richmond Hotel & Motel Resort
    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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