CBRE5612 S Rice Ave

Property Info

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5612 S Rice Ave, Houston, TX, 77081  Map

For Sale

Price$5,660,000 ($49 psf)

Lot Size+/- 2.65 acres

Property Highlights

Prime redevelopment opportunity

Exceptional location only 1,500 feet south of US 59 South/Westpark Tollway and Loop 610, and minutes from the employment and lifestyle centers of the Galleria, Uptown Park, River Oaks District, Greenway Plaza

  • $5,660,000 ($49 psf)
  • Ideal for vertical re-development, such as high-density residential, townhome/ condominium, retail, hospitality, medical/ office, entertainment
  • Covered land play yielding $60,771 annually through 9/30/2020
  • Frontages:
    • Rice Boulevard 175’
    • Glenmont Drive 200’
  • Wet utilities – City of Houston
    • Outside floodplain
    • HISD – Bellaire High School

2017 Demographic Summary

VARIABLE

2017 Population

Daytime Population

Avg HH Income

1 MILE

27,941

36,782

$99,520

3 MILES

233,834

371,258

$122,107

5 MILES

526,109

371,258

$122,107

Last updated: April 4, 2018

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