Vacant Theater | 7301 W Grand Pky S
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Vacant Theater 7301 W Grand Pky S
177,000 SF Retail Building Richmond, TX 77407 For Sale
Investment Highlights
- Constructed in 2013 and has been well maintained
- Over 1 million visitors a year to immediate trade area
- Desirable suburb in Houston
- All equipment is included in the sale of the Property
- Lack of zoning restrictions - ideal for redevelopment
- Over 50,000 cars per day pass the property
Executive Summary
177,000 SF Building/19.74 Acres (the “Property”) is a 177,000 SF theater located at 7301 W Grand Parkway South in Houston, Texas. The property is specifically located on the West side of Houston in Richmond, TX. Built in 2013, the theater has 22 screens, with ±5,000 seats. The property also offers an arcade, bowling alley, concessions, restaurants, and dining areas. All equipment is included in the sale of the Property. Around 50,000 cars pass the property per day, located on Grand Parkway West and just south of Westpark Tollway. The convenient location provides easy access around the city. The Richmond suburb in Houston is one of the most popular and highly ranked communities in Houston. There are nearly 1.7M people located within 15 miles of the property and average household income within one mile is $123,000. All schools within 5-miles have over 700 students. The former theater is located in the Long Meadow Farms Shopping Center and the center sees over 1 million visits per year. Other shops in the center include Gallery Furniture, Spring Creek Barbecue, Next Level Urgent Care, and other national retailers and restaurants. Fort Bend County has not adopted any zoning ordinances, so this gives a new investor a great opportunity to redevelop the property to a new use.
Property Facts
Sale Type
Investment
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
177,000 SF
Building Class
B
Year Built
2013
Tenancy
Single
Number of Floors
2
Building FAR
0.21
Land Acres
19.74 AC
Zoning
n/a - no zoning restrictions
PROPERTY TAXES
Parcel Number | 8036-00-001-0010-901 | Improvements Assessment | £9,844,025 |
Land Assessment | £5,096,312 | Total Assessment | £14,940,337 |
PROPERTY TAXES
Parcel Number
8036-00-001-0010-901
Land Assessment
£5,096,312
Improvements Assessment
£9,844,025
Total Assessment
£14,940,337
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Vacant Theater | 7301 W Grand Pky S
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