2114 Wayside DrHouston, TX 77011

Property Details for 2114 Wayside Dr

Year built

1947

Construction

CONCRETE BLOCKS

Lot size

0.11 AC

Property size (Sq ft)

3,520 SF

Property type

Investment properties

Property subtype

Live-work space

APN

390960000025

APU

390960000025

Description

This 3,000 square foot flex space at 2114 Wayside Dr, Houston, TX 77011, is a unique investment opportunity. Located in a Texas Qualified Opportunity Zone, this property offers significant tax advantages. The asking price is $200,000, translating to $66.67 per square foot. Built in 1947, the two-story building sits on a 5,000 square foot lot and requires a complete remodel. The property is currently vacant, presenting a blank canvas for redevelopment. Its mixed-use zoning allows for diverse possibilities, including live-work spaces. High traffic volume, with approximately 20,000 vehicles passing daily on Wayside Drive, makes this location highly visible and accessible. The building consists of one structure with a total of 3,000 square feet of net rentable space. This is an exceptional chance to capitalize on the benefits of an Opportunity Zone and create a thriving business or residential space in a high-traffic area. The property's potential is undeniable, making it an attractive investment for those seeking a high-return project. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $836,182

  6.5%

  $771,860

  7%

  $716,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $530,694

  Geo Method

  $1,074,930

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,566,330

  Retail / Commercial

  $787,244

  Hospitality / Lodging

  $549,914

  Office

  $754,174

  Institutional / Educational

  $797,928

  Residential Income

  $933,576

  Multifamily

  $1,189,410

  Automotive / Energy

  $683,938

  Parking / Income-Based Land

  $248,445

  Restaurant / Food Service

  $374,608

  Healthcare / Senior Housing

  $804,426

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7508

Longitude

-95.3003

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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