




$183,000
NAL Estimated Property Value511 N 3rd St, Richmond, TX, 77469
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About this property
Your fantastic opportunity near the heart of DOWNTOWN RICHMOND awaits! 8,000 + square foot lot blocks away from historic Morton St in downtown Richmond within walking distance to the local parks, recreation facilities, restaurants, shopping and more! PRIME for development, cleared, and all utilities available. Beautiful Wessendorff Park just steps away with walking trails, fountains, outdoor amphitheater, green space for play and social gatherings and more! Minutes from the BRAZOS TOWN CENTER with easy access to Hwy 90, Hwy 59 / I69 and the Grand Parkway, taking you anywhere around HOUSTON! Please see attached City of Richmond Development Guidelines attached to the listing! NO Manufactured/mobile homes allowed per city zoning regulations. LOT SIZE approximately 60 feet wide by 130 feet deep, NOT in flood zone. #addFULLpower
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Richmond
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