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Executive Summary
Now available for sale is the Richmond Medical Building, a 4,800 sq ft medical-office building ideally situated near the southern edge of the
Montrose district of Central Houston on heavily traveled Richmond Ave. This area is experiencing rapid redevelopment with new buildings of every
asset class popping up in either direction for miles. Originally a fine art gallery, this modern contemporary structure was built in 2004 and converted
to a medical office in 2018 by the current owners, a multi-specialty medical group who has now outgrown the space.
The building offers superb visibility from Richmond Ave in either direction with over 26k cars per day passing by. It also features one of the area’s
biggest parking lots with 26 striped spaces (and room to add a few more in the rear gated area). The building features a small reception area at the
entrance with 5 small patient rooms on the 1st floor and 1 private office & a bullpen setup on the 2nd floor. The 3rd floor currently functions as the
executive office and features a large outdoor area overlooking Richmond Ave. and faces the city’s skyline.
The Richmond Medical Building offers high-quality clinical space and a high-visibility, easily accessible location for both customers and its next
owner. While this building can be easily converted to another use, it presently offers a turn-key space for most medical professionals to open their
next practice almost immediately.
Montrose district of Central Houston on heavily traveled Richmond Ave. This area is experiencing rapid redevelopment with new buildings of every
asset class popping up in either direction for miles. Originally a fine art gallery, this modern contemporary structure was built in 2004 and converted
to a medical office in 2018 by the current owners, a multi-specialty medical group who has now outgrown the space.
The building offers superb visibility from Richmond Ave in either direction with over 26k cars per day passing by. It also features one of the area’s
biggest parking lots with 26 striped spaces (and room to add a few more in the rear gated area). The building features a small reception area at the
entrance with 5 small patient rooms on the 1st floor and 1 private office & a bullpen setup on the 2nd floor. The 3rd floor currently functions as the
executive office and features a large outdoor area overlooking Richmond Ave. and faces the city’s skyline.
The Richmond Medical Building offers high-quality clinical space and a high-visibility, easily accessible location for both customers and its next
owner. While this building can be easily converted to another use, it presently offers a turn-key space for most medical professionals to open their
next practice almost immediately.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,800 SF
Building Class
B
Year Built
2004
Price
$2,995,000
Price Per SF
$623.96
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
1,600 SF
Building FAR
0.38
Lot Size
0.29 AC
Zoning
None
Parking
26 Spaces (5.42 Spaces per 1,000 SF Leased)
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0522660000013 | Improvements Assessment | $581,194 |
| Land Assessment | $1,437,500 | Total Assessment | $2,018,694 |
Property Taxes
Parcel Number
0522660000013
Land Assessment
$1,437,500
Improvements Assessment
$581,194
Total Assessment
$2,018,694
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1724 Richmond Ave
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