5229 Griggs Road, Houston, Texas 77021
$1,690,000
0 Beds
0 Full Baths
Lots
Request More Information
About 5229 Griggs Road
Discover a premier redevelopment opportunity within the Inner Loop, spanning two acres near the high-traffic intersection of Griggs Road & Martin Luther King Boulevard. This expansive lot offers unparalleled potential in the evolving University area, positioned minutes from the prestigious University of Houston, Texas Southern University, & the Texas Medical Center. The property encompasses eighty-seven thousand three hundred twelve square feet of versatile land, currently housing two distinct structures. One building operates as an active business while the second remains vacant, providing immediate options for repurposing or a complete architectural transformation. The seller offers flexible transition terms, including a short-term lease back or delivering the premises vacant upon closing, ensuring a seamless acquisition process for the discerning visionary. Situated in a vibrant southeast Houston corridor, this location provides effortless access to Downtown Houston & the bustling energy of the city center. Residents & businesses benefit from the dynamic growth of the surrounding neighborhood, where urban convenience meets significant expansion. Whether creating a sophisticated residential enclave or a bespoke commercial destination, this site serves as a foundation for a landmark project. Secure a foothold in one of the promising sectors of the city & define the future of this thriving urban landscape. This parcel represents a significant investment in the heart of Houston, where modern development meets limitless possibility.
Highlights
5229 Griggs Road
$1,690,000
Lots
Houston 77021
87,312 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
041-007-031-0010
Tax Rate
2.2402%
Taxes w/o Exemption/Yr
$25,539 / 2025
Maint Fee
No
Interior Features
Fireplace
No
Dishwasher
No
Range
No
Disposal
No
Microwave
No
Loft
No
Exterior Features
Water Sewer
Public Sewer
Private Pool
No
Area Pool
Maybe
Lot Description
2 Up to 5 Acres, Curbs & Gutters, Interior Lot, Level, Sidewalks
New Construction
No
Listing Firm
Carlos Garcia Realty, Inc.
Schools
| Name | Grade | Great School Ranking |
|---|---|---|
| Peck Elem | Elementary | 6 of 10 |
| Cullen Middle (Houston) | Middle | 4 of 10 |
| Yates High | High | 4 of 10 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.
