2349 Fm 1960 RdHouston, TX 77073

Property Details for 2349 Fm 1960 Rd

Year built

1979

Construction

BRICK

Lot size

0.63 AC

Property size (Sq ft)

8,800 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

451650000032

APU

451650000032

Description

This exceptional 8,100-square-foot special purpose building, located at 2349 FM 1960 in Houston, Texas, 77073, presents a unique investment opportunity. Currently configured as a daycare center, its versatile layout offers immense potential for diverse uses. The property boasts multiple independent rooms, ranging in size from 1,200 to 1,500 square feet, providing ample space for various configurations. Its adaptability makes it ideal for a large office space, school, training center, animal clinic, or shelter. The strategic location in the bustling IAH corridor, off FM 1960, ensures high visibility and convenient access to major thoroughfares. The property includes a substantial 30-space parking lot, providing ample parking for staff, clients, and visitors. This single-tenant building is ready for immediate occupancy and offers a significant opportunity for a savvy investor seeking a versatile and well-located property in a high-traffic area of Houston. The building's size and layout provide flexibility for a wide range of businesses, making it an attractive option for various commercial ventures. Its existing infrastructure and ample parking further enhance its appeal. This property represents a rare chance to acquire a substantial commercial space in a prime Houston location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,364,670

  6.5%

  $2,182,772

  7%

  $2,026,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,911,463

  Geo Method

  $3,029,827

• Alternative Use

  Use

  Valuation

  Residential

  $2,768,938

  Hospitality

  $2,536,332

  Educational

  $2,110,199

  Medical

  $2,182,772

  Retail

  $3,282,532

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

30.0245

Longitude

-95.3917

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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