This exceptional 26,272 square foot commercial land parcel in Houston, Texas, presents a compelling investment opportunity. Located in Harris County, zip code 77025, near the Medical Center, Rice University, and Bellaire, this unrestricted property offers diverse development potential. The lot is flat and easily accessible, equipped with essential utilities, and surrounded by a mix of commercial and residential properties. An approved project plan for a 55,697 square foot self-storage facility exists and requires only resubmission to the city. This plan, coupled with a national self-storage rental forecast of $0.90 per square foot, highlights the significant profit potential. The property is currently listed at $2,150,000, representing a substantial discount from its $2,500,000 appraised value. The seller is motivated and open to aggressive offers, potentially allowing for extended due diligence periods with a suitable Letter of Intent. The zoning permits both commercial and residential uses, making it ideal for various projects, including townhomes, a gas station, or the aforementioned self-storage facility. This prime location and flexible zoning create a unique opportunity for significant returns. The property's address is 3839 N Braeswood Blvd, Houston, TX 77025.
Highlights
26,272 SF commercial land parcel in Houston, TX (77025), near the Medical Center, Rice University, and Bellaire.
Unrestricted zoning allows for commercial and residential development, including townhomes, gas station, or self-storage facility.
Motivated seller offering property at $2,150,000, significantly below its $2,500,000 appraised value; open to aggressive offers and extended due diligence periods with a suitable Letter of Intent.
Approved project plan for a 55,697 SF self-storage facility available, requiring only resubmission to the city. National self-storage rental forecast is $0.90/SF.
Flat, easily accessible lot with utilities; surrounded by a mix of commercial and residential properties.
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Joe Fer Mitchell
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3839 Braeswood Blvd, Houston, Texas, 77025
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3839 Braeswood Blvd
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