For Sale
$1,000,000

Eldridge PkwyTomball, TX 77375

5-unit multifamily, development potential.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a 1.53-acre mixed-use property in Tomball, Texas, ideally located near the intersection of N Eldridge Parkway and Spring Cypress. The property encompasses five units, with building sizes ranging from 1,416 to 1,932 square feet, including a 3,000 square foot vehicle repair shop with office space. All units are currently leased, generating established rental income. Built between 1969 and 1990, this Class C property offers significant potential for future growth, situated in a rapidly developing area with high residential and commercial density. The property benefits from excellent visibility and high traffic counts, with over 7,000 vehicles daily on N Eldridge Parkway and over 24,000 vehicles daily on Spring Cypress. Its convenient location provides easy access to SH 249 and the Grand Parkway (99). Located in Harris County and within the Tomball ISD, the property's 2017 total tax rate was $2.17 per $100 of assessed value. This is a prime opportunity for investors seeking a multifamily property with development potential in a high-growth area. The asking price is $1,000,000.

Highlights

  • Strong investment opportunity with existing rental income.
  • Building sizes range from 1,416 SF to 3,000 SF, including a vehicle repair shop with office space.
  • Prime location in a rapidly growing area with high future potential.
  • Convenient access to SH 249 and the Grand Parkway (99).
  • High-density residential and commercial area.
  • High traffic counts: over 7,000 vehicles daily on N Eldridge Parkway and over 24,000 vehicles daily on Spring Cypress Road.

Property Details for 0 Eldridge Pkwy

Property type
Mixed-use properties, Land
Square Feet
1,416 SF
Class
C
Year Built
1969
Lot Size (sq. ft)
66,647 SF
Units
5

Location Insight

City
Tomball
County
Harris
State
Texas
Latitude
30.0177986
Longitude
-95.5963711
Eldridge Pkwy, Tomball, Texas

FAQs

What type of property is this?
Mixed-use property - 5-unit multifamily, development potential.
Where is the mixed-use property located?
The property is located at Eldridge Pkwy Tomball, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Strong investment opportunity with existing rental income.; Building sizes range from 1,416 SF to 3,000 SF, including a vehicle repair shop with office space.; Prime location in a rapidly growing area with high future potential.
How can I contact the broker?
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