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5229 Griggs Rd 27,797 SF Retail Building Houston, TX 77021 $2,222,130 CAD ($79.94 CAD/SF)
Investment Highlights
- Heavy Traffic
- Rapidly developing inner loop location
- Light Rail nearby
Executive Summary
Prime inner loop location, 2 acres near the intersection of Griggs Rd and MLK in southeast Houston- rapidly developing area near UH, TSU, Medical Center..! Being sold for land value, 2 large buildings included; Building #1- Currently owner operating month-to-month as a discount store / convenience store, Building #2 is vacant, owner may consider a temporary short term lease back and or will deliver property vacant upon closing, many opportunities to continue as retail or repurpose the buildings and or redevelop. Great opportunity, priced to move! Call today.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
27,797 SF
Building Class
C
Year Built
1947
Price
$2,222,130 CAD
Price Per SF
$79.94 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
2.00 AC
Opportunity Zone
Yes
Zoning
N/Ap, Houston - N/A
Parking
24 Spaces (0.86 Spaces per 1,000 SF Leased)
Frontage
65’ on Griggs Rd
Amenities
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0410070310010 | Improvements Assessment | $249,738 CAD |
| Land Assessment | $1,510,534 CAD | Total Assessment | $1,760,272 CAD |
Property Taxes
Parcel Number
0410070310010
Land Assessment
$1,510,534 CAD
Improvements Assessment
$249,738 CAD
Total Assessment
$1,760,272 CAD
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5229 Griggs Rd
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