This exceptional 1.23-acre (54,450 square foot) commercial land parcel is ideally situated at 8405 Hempstead Road in Houston, Harris County, Texas, zip code 77008. Its prime location offers unparalleled accessibility, boasting high visibility and traffic counts. With 12,117 vehicles traversing Hempstead Road daily, this property presents a remarkable opportunity for a variety of commercial ventures. The site's proximity to major thoroughfares, including Interstate-10 and Highway 601, ensures convenient access for customers and employees. Its suitability extends to diverse uses, including quick-service restaurants (QSRs), multi-family residential developments, extended-stay hotels (Marriott or Hilton franchises), and storage facilities. Furthermore, its strategic location near a 71 bus station at Hempstead Road and Kansas Street enhances its appeal. The property is also conveniently located less than four miles from The Galleria and Uptown Houston, and less than five miles from Downtown Houston, providing easy access to a large and diverse population base. This presents a unique chance to capitalize on a high-traffic area with significant development potential in a thriving Houston market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,642,841
Hospitality
$2,420,828
Educational
$2,014,101
Medical
$2,083,369
Retail
$3,133,046
Location Insight
City
Houston
County
Harris
State
Texas
Latitude
29.7861
Longitude
-95.4387
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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