1605 34Th StHouston, TX 77018

Property Details for 1605 34Th St

Year built

1985

Construction

METAL FRAME

Lot size

2.21 AC

Property size (Sq ft)

7,500 SF

Property type

Warehouses

APN

580930000146

APU

580930000146

Description

This exceptional 2.45-acre mixed-use land parcel presents a prime development opportunity in Houston's desirable Garden Oaks neighborhood. Located at 1605 W 34th St, Houston, TX 77018 (APN 0580930000146), this property boasts convenient access to major thoroughfares, including less than a mile to the 610 Loop, under two miles to US 290, and convenient access to I-45 and I-10. Its strategic location places it within minutes of thriving areas like Shady Acres, The Heights, and Downtown Houston, and approximately 25 minutes from George Bush Intercontinental Airport (IAH). Garden Oaks and Oak Forest represent the third-largest group of subdivisions in Harris County, offering a robust existing infrastructure and a high concentration of approximately 420 coffee shops, bars, and restaurants. The property's proximity to the vibrant Stomping Grounds development, featuring 8,000 square feet of green space and 26,000 square feet of retail and restaurants, further enhances its appeal. This site offers developers a unique chance to capitalize on the area's growth and create a thriving mixed-use project within a highly sought-after community. The property's size and location make it ideal for a variety of development projects, catering to the area's demand for both residential and commercial spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $3,615,460

  6.5%

  $3,337,350

  7%

  $3,098,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,773,710

  Geo Method

  $3,592,680

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,677,370

  Mixed-Use / Specialty

  $1,644,590

  Hospitality / Lodging

  $1,171,690

  Office

  $1,606,910

  Institutional / Educational

  $1,700,130

  Residential Income

  $1,989,150

  Multifamily

  $2,534,250

  Automotive / Energy

  $1,457,260

  Parking / Income-Based Land

  $529,358

  Restaurant / Food Service

  $798,169

  Healthcare / Senior Housing

  $1,713,980

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8168

Longitude

-95.4265

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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