122 Whitney StHouston, TX 77022

Property Details for 122 Whitney St

Year built

1940

Construction

WOOD FRAME

Lot size

0.23 AC

Property size (Sq ft)

480 SF

Property type

Retail space

APN

670190010010

APU

670190010010

Description

This exceptional commercial property, located at 122 E Whitney St, Houston, TX 77022, presents a compelling investment opportunity. The 480-square-foot vacant lot is zoned for commercial use and offers significant potential for diverse development. Situated approximately 13 miles from Downtown Houston and less than 30 minutes from George Bush Intercontinental Airport, this property boasts convenient access to major thoroughfares including I-610, I-45, Highway 290, and Beltway 8. City utilities are readily available on-site. The land is flat and presents a blank canvas for creative development. Potential uses, subject to buyer verification of any applicable restrictions, city codes, and ordinances, include electric vehicle charging stations, storage facilities, apartments, duplexes, or a water refill station. The asking price is $1,700,000, translating to $3,541.67 per square foot. This represents a prime opportunity for investors seeking a foothold in the thriving Houston market. Buyers are responsible for verifying all zoning regulations and permitted uses.

• CAP approach

  CAP return

  Valuation

  6%

  $116,297

  6.5%

  $107,351

  7%

  $99,683.50

• Comparable approach

  Method

  Valuation

  Relative Method

  $73,786.40

  Geo Method

  $149,455

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $213,590

  Mixed-Use / Specialty

  $105,254

  Hospitality / Lodging

  $74,988.20

  Office

  $102,842

  Institutional / Educational

  $108,808

  Residential Income

  $127,306

  Multifamily

  $162,192

  Automotive / Energy

  $93,264.30

  Parking / Income-Based Land

  $33,878.90

  Restaurant / Food Service

  $51,082.80

  Healthcare / Senior Housing

  $109,694

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8303

Longitude

-95.397

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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