Retail Space
9275 Richmond Avenue Houston, TX 77063
Details & Description
Price: $5,748,000
    This 76,847 SF multi-tenant retail center is located in a heavy retail trade area with high traffic counts that exceed 40,740 vehicles per day, offering tremendous upside potential. The subject property is near the Galleria area, with easy access to Hwy 59, Westpark Toll road, Beltway 8 and Westheimer. It services the Southwest Houston, Galleria, Memorial, and Westchase areas. This shopping center has excellent visibility with large parking lots and visible street pylon sign.Situated on a massive lot of 5.32 acres, Richmond Commons was originally constructed in 1985 and it is shadow anchored by Popeyes fast food restaurant and a Valero gas station. Access to the property is excellent with 5 curb cuts on Ocee Street and 5 curb cuts on Richmond Avenue. There is stable development throughout the area, including new townhomes, multi-family, single-family, retail centers, office, and restaurants.
    Property Highlights
    Additional Photos
    Listing Agents
    Davis Aminyisye

    O: 713-728-7635
    davis.amanyisye@partnersrealestate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    9275 Richmond Avenue

    Houston, TX 77063

    Listing ID: 250191
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    Building Size: 76,847 SF
    Lot Size: 5.320 AC
    Land Size: 231,739 SF
    Building $/SF: $74.80
    Land $/SF: $24.80
    Price
    $5,748,000
    Property Highlights
    Huge upside potential through cosmetic improvements, lease-up, and raising rents current lease rates are below market
    Uptick in leasing activities as evidenced by several LOIs in place related to over 30,000 SF of space
    8,600 SF of built-out office space on the second floor
    One of the fastest-growing submarkets in Houston
    Shadow anchored by Popeyes and Valero Gas Station
    Lowest PriceSF in the market area
    Perfect re-purposeredevelopment opportunity
    No zoning restrictions
    Description

    This 76,847 SF multi-tenant retail center is located in a heavy retail trade area with high traffic counts that exceed 40,740 vehicles per day, offering tremendous upside potential. The subject property is near the Galleria area, with easy access to Hwy 59, Westpark Toll road, Beltway 8 and Westheimer. It services the Southwest Houston, Galleria, Memorial, and Westchase areas. This shopping center has excellent visibility with large parking lots and visible street pylon sign.

    Situated on a massive lot of 5.32 acres, Richmond Commons was originally constructed in 1985 and it is shadow anchored by Popeyes fast food restaurant and a Valero gas station. Access to the property is excellent with 5 curb cuts on Ocee Street and 5 curb cuts on Richmond Avenue. There is stable development throughout the area, including new townhomes, multi-family, single-family, retail centers, office, and restaurants.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Houston History of Retail Space for Sale

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    Houston Area Market Trends

    Listing Demographics for 9275 Richmond Avenue Houston, TX 77063

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population27,433236,133561,533
    Population Median Age353435
    Population by Age0-9 Yrs3872 (14%)36727 (15%)85019 (15%)
    10-19 Yrs2174 (7%)27378 (11%)68769 (12%)
    20-29 Yrs5624 (20%)43589 (18%)91144 (16%)
    30-39 Yrs5496 (20%)43939 (18%)97129 (17%)
    40-49 Yrs3931 (14%)30841 (13%)74080 (13%)
    50-59 Yrs2747 (10%)23267 (9%)59824 (10%)
    60-69 Yrs2312 (8%)16258 (6%)45595 (8%)
    70+ Yrs1277 (4%)14134 (5%)39972 (7%)
    Median HH Income$36,590$42,527$52,104
    Total Household Income< 24K4243 (32%)27621 (29%)53997 (24%)
    25-49K4083 (31%)26084 (27%)52929 (23%)
    50-74K1926 (14%)14822 (15%)33590 (15%)
    75-99K1088 (8%)8893 (9%)20797 (9%)
    100-199K1492 (11%)11354 (11%)34370 (15%)
    200K+258 (1%)5868 (6%)24982 (11%)
    Highest Education LevelNo Diploma29643340069591
    Diploma or GED41043222669487
    Some College33062599659761
    Assoc. Degree1412838318557
    Bachelors Degree50983532393289
    Higher Degree22591876459935
    Total Housing Units14,652107,443251,780
    --Owner-Occupied2,56823,51874,751
    --Renter-Occupied10,52371,125145,913
    Owner-Occupied Values< 100K83042609314
    100-199K811659416844
    200-299K603305910022
    300-399K16320218237
    400-499K3813214363
    500K+122626125971
    Total Working Age Population22,274182,250432,704
    In Work Force16,405128,893302,030
    Not In Work Force5,86953,357130,673
    Workforce Employed15,365122,149286,503
    Workforce Unemployed1,0416,71015,414
    Civlian Workforce16,405128,859301,917
    Military Workforce034113
    Total Households13,09194,642220,665
    Family Households6,33352,953132,232
    Non-Family Households6,75841,68988,433
    Married Couple3,60332,53487,058
    Other Family2,73020,42045,173
    Married w/Child1,71416,04741,635
    Single Male w/Child4562,6585,417
    Single Female w/Child1,0378,47320,058

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Fort Bend County354,452+65585,375+44840,383+431,203,029
    Harris County3,400,578+204,092,459+224,978,845+195,924,750

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 9275 Richmond Avenue in Houston?
    The asking price for 9275 Richmond Avenue is $5,748,000
    What is the building size of this Retail property in Houston, TX?
    The size of the building/unit at 9275 Richmond Avenue in Houston is 76,847 square feet
    How much land does the Houston, TX property at 9275 Richmond Avenue include?
    9275 Richmond Avenue in Houston includes 5.320 acres of land
    What kind of Retail is the propery at 9275 Richmond Avenue?
    The property at 9275 Richmond Avenue Houston, TX 77063 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 9275 Richmond Avenue in Houston?
    The population within 1 mile of 9275 Richmond Avenue Houston, TX 77063 is 27,433 people.
    Who do I contact for questions about 9275 Richmond Avenue?
    You should contact the listing agent, Davis Aminyisye, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    William P Hobby Airport (HOU) 16
    George Bush Intercontinental Houston Airport (IAH) 21
    Austin Bergstrom International Airport (AUS) 132
    Price
    $5,748,000
    Listing Agent
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