7112 Lyons AveHouston, TX 77020

Property Details for 7112 Lyons Ave

Year built

1960

Construction

BRICK

Lot size

0.26 AC

Property size (Sq ft)

3,811 SF

Property type

Medical offices

Property subtype

Medical centers

APN

182710010004

APU

182710010004

Description

This exceptional investment opportunity presents two buildings totaling 3,117 square feet on a 0.31-acre lot at 7112 Lyons Avenue, Houston, TX 77020. The property, originally constructed in 1960, comprises a former 2,517 square foot medical office building and a 600 square foot single-occupancy retail space. Currently vacant, this Class C property offers significant redevelopment potential or immediate occupancy for a variety of uses, including retail, office, or medical. Its strategic location boasts high visibility, with frontage on a high-traffic avenue and close proximity (less than 0.2 miles) to the I-10 East Freeway, ensuring substantial exposure to both pedestrian and vehicular traffic. The property features a 140-foot wide frontage on Lyons Avenue and two curb cuts for enhanced accessibility. The asking price is $550,000. This presents a compelling opportunity in a rapidly developing neighborhood with increasing demand for commercial space. The property's APN is 0182710010004

• CAP approach

  CAP return

  Valuation

  6%

  $780,499

  6.5%

  $720,461

  7%

  $668,999

• Comparable approach

  Method

  Valuation

  Relative Method

  $563,301

  Geo Method

  $1,140,975

• Alternative Use

  Use

  Valuation

  Residential

  $893,371

  Hospitality

  $818,323

  Educational

  $680,835

  Medical

  $704,250

  Retail

  $1,059,077

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7764

Longitude

-95.2981

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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