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4343 Old Spanish Trl
Houston, TX 77021
Land For Sale · 2.60 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Hospitality
Total Lot Size 2.60 AC

DESCRIPTION

Exceptional opportunity to acquire 2.61 acres of land in a highly desirable inner loop location. This prime property is strategically positioned on a road with a significant volume of daily traffic and boasts close proximity to the prestigious University of Houston and the renowned Texas Medical Center. Spanning 2.6 acres, this land holds immense potential for various development ventures, such as multifamily residences, retail establishments, or self-storage facilities. Currently, the property operates an extended stay motel business, making it a valuable investment opportunity. Moreover, the site stands to benefit from an upcoming improvement project by the Texas Department of Transportation, as reported by the Houston Chronicle. This project will introduce several enhancements along OST between Spur 5 to Griggs, including the installation of five-foot sidewalks, beautifully landscaped medians, and enhanced drainage. These improvements directly contribute to the site's appeal, given its prominent location on a major thoroughfare with consistently high traffic. Don't miss the chance to seize this prime inner loop land for development. Contact Ryan Boone for more information.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1382400010001
Land Assessment
$2,620,650
Improvements Assessment
$4,519
Total Assessment
$2,625,169
  • Listing ID: 28754338

  • Date on Market: 6/14/2023

  • Last Updated:

  • Address: 4343 Old Spanish Trl, Houston, TX 77021

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