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4615 Sherman St
Houston, TX 77011
Land For Sale · 0.76 AC

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INVESTMENT HIGHLIGHTS

  • 24 Hour Access
  • Fenced Lot
  • Storage Space
  • Corner Lot
  • Signage
  • Air Conditioning

EXECUTIVE SUMMARY

Selling financing available with 15% down at below market rate. EADO Opportunity. This is an rare opportunity to acquire a large parcel of land in the rapidly changing EADO. Hard corner lot. This sale consists of 1 parcel of 27,000 and 1 other contiguous parcel of 6,250 sq. ft. for a TOTAL of 33,250 sq. ft. There are buildings on both lots, current rent about $5K per month. Both parcels sold together. You can keep the buildings rented while you plan for redevelopment. This is currently priced below what other deals are getting done in the East End (EADO). Only 2.5 miles from the 169 acre East River Project development by Midway. City infrastructure being updated all around. New housing steps away. One block to the Hike and Bike trail.

PROPERTY FACTS

Sale Type Investment
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
  • Lease Option
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Multifamily
  • Apartment Units
  • Bank
  • Carwash
  • Contractor Storage Yard
  • Drugstore
  • Fast Food
  • Healthcare
  • Hold For Development
  • Restaurant
  • Self Storage
  • Single Family Development
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
Total Lot Size 0.76 AC
Opportunity Zone Yes
Zoning None residential or comm - multi family, office, retail (No zoning - this is Houston!)

1 LOT AVAILABLE

Lot 1

Price $1,463,000
Price Per AC $1,916,639.92
Lot Size 0.76 AC

SELLER FINANCIANG AVAILABLE with 15% down (on approved credit)! Below market rates ! EADO Opportunity. One lot 27,000 plus 6,250 for a total of 33,250 sq. ft. Currently rented for $5K per month. Hard corner. Occupied.

DESCRIPTION

SELLER FINANCIANG AVAILABLE with 15% down! Below market rates ! EADO Opportunity. This is an rare opportunity to acquire a large parcel of land in the rapidly changing EADO. Hard corner lot. This sale consists of 1 parcel of 27,000 and 1 other contiguous parcel of 6,250 sq. ft. for a TOTAL of 33,250 sq. ft. There are buildings on both lots, current rent about $5K per month. Both parcels sold together. You can keep the buildings rented while you plan for redevelopment. This is currently priced below what other deals are getting done in the East End (EADO). Only 2.5 miles from the 169 acre East River Project development by Midway. City infrastructure being updated all around. New housing steps away. One block to the Hike and Bike trail. The RED OUTLINE in the picture shows both properties together. One building is 4,000 sq. ft multi tenant use and the other is a residential/workshop. Both currently rented.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0280300000015
Land Assessment
$1,181,250
Improvements Assessment
$99,750
Total Assessment
$1,281,000
  • Listing ID: 34274468

  • Date on Market: 9/11/2024

  • Last Updated:

  • Address: 4615 Sherman St, Houston, TX 77011

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