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5229 Griggs Rd 27,797 SF Retail Building Houston, TX 77021 $2,290,457 CAD ($82.40 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, priced under $20/SF! 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
$2,290,457 CAD
Price Per SF
$82.40 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
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0410070310010 | Improvements Assessment | $245,144 CAD |
| Land Assessment | $1,482,746 CAD | Total Assessment | $1,727,890 CAD |
Property Taxes
Parcel Number
0410070310010
Land Assessment
$1,482,746 CAD
Improvements Assessment
$245,144 CAD
Total Assessment
$1,727,890 CAD
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5229 Griggs Rd
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