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- LoopNet Team
2306-2320 McCue Rd
Houston, TX 77056
Covered Land Play · Land For Sale
·
2.73 AC
INVESTMENT HIGHLIGHTS
- 58-unit apartment project on ±1.82 acres within one block walking distance to the Galleria Mall with an estimated 30 million visitors each year.*
- The asset has been renovated within the last 8 years and maintains a high rate of occupancy due to its location within the Uptown District.
- Dense daytime population with high average household incomes of over $94,000 within a 5-mile radius.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 2.73 AC |
| Property Subtype | Residential | No. Stories | 2 |
| Proposed Use | Apartment Units | ||
| Zoning | Residential | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 2.73 AC |
| No. Stories | 2 |
| Zoning | Residential |
DESCRIPTION
• 58-unit apartment project on ±1.82 acres within one block walking distance to the Galleria Mall with an estimated 30 million visitors each year.* • The asset has been renovated within the last ±8 years periodically ($25k per unit). • Received the 2016 Cornerstone Award for Best Redevelopment Apartment Project in Houston. • Dense daytime population with high average household incomes of over $94,000 within a 5-mile radius. • Great covered land play. Buyer can keep property as-is or completely redevelop as mixed use, senior living, or multifamily. • The 0.91-acre apartment project adjacent immediately to the south is also available for sale by the same owner. • One or both tracts can be purchased for a total of 2.73 acres.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,088,672 | |
| Land Assessment | $11,932,400 | Total Assessment | $14,021,072 |
PROPERTY TAXES
