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1302 N Richmond Rd 5,342 SF 100% Leased Retail Building Wharton, TX 77488 For Sale
Executive Summary
The City / EDC is offering incentives and has expressed openness to:
• Chapter 380 Agreements
• Public Improvement District (PID) Financing
Potential benefits:
• Tax participation / rebates
• Infrastructure assistance
• Reduced upfront development costs
• Enhanced project feasibility & returns
• Chapter 380 Agreements
• Public Improvement District (PID) Financing
Potential benefits:
• Tax participation / rebates
• Infrastructure assistance
• Reduced upfront development costs
• Enhanced project feasibility & returns
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,342 SF
Building Class
B
Year Built
1950
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
3.37 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
CommunityBank of Texas
Property Taxes
| Parcel Number | R56379 | Improvements Assessment | $197,767 |
| Land Assessment | $127,233 | Total Assessment | $325,000 |
Property Taxes
Parcel Number
R56379
Land Assessment
$127,233
Improvements Assessment
$197,767
Total Assessment
$325,000
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1302 N Richmond Rd
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