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Property profile

907 Morton St Richmond, TX 77469

OFF-MARKET
Office Spaces
Property ID
US83-3788020
5,600 SF
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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 Office Spaces
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

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

907 Morton St Richmond, TX 77469
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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