This exceptional 5.6-acre commercial and industrial land parcel presents a unique investment opportunity in the heart of Houston's Greater Fifth Ward. Situated at 1702 Sakowitz St, Houston, TX 77020, this urban infill site boasts convenient access to major transportation arteries. The property benefits from full utilities, ensuring seamless development. Its strategic location places it just one block from I-10 East and Lockwood, providing easy access to the city's extensive highway network. Furthermore, a Metro Bus Substation is located within a single block, enhancing accessibility for employees and customers. This property is designated as a Qualified Opportunity Zone, offering significant tax advantages for eligible investors. The substantial lot size provides ample space for a variety of commercial or industrial developments, making it an attractive prospect for businesses seeking a prime location in a rapidly growing area of Houston, Harris County. The property's address is 1702 Sakowitz St, Houston, TX 77020.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Industrial / Distribution
$9,789,550
Retail / Commercial
$4,920,280
Mixed-Use / Specialty
$4,824,130
Hospitality / Lodging
$3,436,960
Office
$4,713,590
Institutional / Educational
$4,987,050
Residential Income
$5,834,850
Multifamily
$7,433,800
Automotive / Energy
$4,274,620
Parking / Income-Based Land
$1,552,780
Restaurant / Food Service
$2,341,300
Healthcare / Senior Housing
$5,027,660
Location Insight
City
Houston
County
Harris
State
Texas
Latitude
29.7792
Longitude
-95.3131
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Sakowitz St Houston, TX 77020
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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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