1140 Cavalcade StHouston, TX 77009

Property Details for 1140 Cavalcade St

Year built

1956

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

2,390 SF

Property type

Investment properties

Property subtype

Live-work space

APN

350130090024

APU

350130090024

Description

This exceptional 0.48-acre commercial land parcel, located at 1140 W Cavalcade St in Houston, Texas (zip code 77009), presents a remarkable development opportunity. Situated in the highly desirable Heights neighborhood, this property boasts 300 feet of frontage on W. Cavalcade Street, offering excellent visibility and accessibility. The lot dimensions are approximately 70 feet by 300 feet. The asking price is $1,260,000, translating to a land value of $60 per square foot. This property is comprised of six individual lots, totaling approximately half an acre, and presents an ideal location for townhome development. The property's strategic location near the major intersection of North Main and 20th streets further enhances its appeal. All city utilities are readily available. An adjacent lot, outlined in yellow on available site plans, is also available for separate purchase and could serve as a convenient back entrance. This prime location offers exceptional potential for a high-return investment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $489,476

  6.5%

  $451,824

  7%

  $419,551

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,264

  Geo Method

  $715,542

• Alternative Use

  Use

  Valuation

  Residential

  $560,262

  Hospitality

  $513,197

  Educational

  $426,974

  Medical

  $441,658

  Retail

  $664,181

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8042

Longitude

-95.3876

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].