5199 Balbo StHouston, TX 77091

Property Details for 5199 Balbo St

Lot size

1.74 AC

Property type

Land

Description

This exceptional 1.74-acre commercial land parcel in Houston, Texas, presents a compelling investment opportunity. Located in the rapidly growing Acres Homes neighborhood, this fee-simple property (APN 146-530-001-0001) is zoned C1, offering diverse development potential. Its strategic location provides easy access to major thoroughfares including Highways 290, 610, and I-45, ensuring excellent connectivity and accessibility. The property is surrounded by approximately 50 residential developments, reflecting the area's significant growth and high demand for housing. This makes it ideally suited for residential projects such as single-family homes or townhomes. Alternatively, its size and location also lend themselves to light industrial uses or a self-storage facility, catering to the community's evolving needs. The seller has already secured civil plans, permits, and paid impact fees for a 30-unit townhome development, significantly streamlining the development process. Situated in Flood Zone X, the property presents low to moderate flood risk. The asking price is $1,650,000. This property offers a unique blend of location, zoning, and pre-approved development plans, making it an attractive investment in Houston's thriving real estate market.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8418

Longitude

-95.455

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