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Investment Highlights

  • Freestanding retail building along Richmond Avenue.
  • Convenient access to Downtown Houston and major employment centers.
  • Positioned within Houston's Inner Loop commercial market.
  • Located within Houston's established Montrose district.
  • Surrounded by restaurants, retail, residential, and office uses.
  • Established commercial corridor with strong area visibility.

Executive Summary

1841 Richmond Avenue presents an owner-user or investment opportunity in Houston's Montrose and Inner Loop area. The property is a freestanding retail building positioned along Richmond Avenue, a well-traveled commercial corridor serving nearby neighborhoods including Montrose, River Oaks, Midtown, and Upper Kirby. Its location provides convenient access to major Houston employment centers, retail destinations, restaurants, and entertainment venues, supporting a broad customer base and long-term occupancy appeal.
The building was originally developed in 1998 and has historically operated as a restaurant property, offering a recognizable presence along one of Houston's established urban commercial corridors. The surrounding area features a mix of residential density, office users, neighborhood retail, hospitality venues, and regional dining destinations, creating consistent activity throughout the day and evening. Accessibility to major thoroughfares including U.S. 59/I-69 and nearby connections to Downtown Houston and the Texas Medical Center further enhances the property's market reach.
For investors and owner-users, the property's location within a mature infill trade area offers the benefits of limited land availability, established consumer demand, and proximity to some of Houston's most recognized neighborhoods. The combination of a standalone building, visibility along Richmond Avenue, and placement within an active mixed-use environment supports a variety of potential commercial uses, subject to applicable regulations and approvals.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,772 SF
Building Class
C
Year Built
1998
Price
$1,795,000
Price Per SF
$475.87
Tenancy
Single
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.12 AC
Parking
10 Spaces (2.67 Spaces per 1,000 SF Leased)
Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100

Nearby Major Retailers

Trader Joe's
SouthState Bank
Chase Bank
Starbucks
H-E-B
Fleming's Prime Steakhouse & Wine Bar
Jason's Deli
Torchy's Tacos
Club Pilates
StretchLab

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 0660870010001
  • 0660870010028
Land Assessment
$1,196,230
Improvements Assessment
$361,525
Total Assessment
$1,557,755
  • Listing ID: 41465135

  • Date on Market: 7/28/2026

  • Last Updated:

  • Address: 1841 Richmond Ave, Houston, TX 77098

Contact the Sale Advisor

1841 Richmond Ave

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