Property summary
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
VerifiedCap rate & NOI
Current use
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Hotel & Motel Resort
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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