2906 Old Houston RdHuntsville, TX 77340

  • Specialty properties
  • 2,908 SF
For Sale
$999,000 View listing

Property Details for 2906 Old Houston Rd

Year built
1983
Lot size
2.19 AC
Property size (Sq ft)
2,908 SF
Property type
Specialty properties
Property subtype
Day care centers & nurseries
APN
24017
APU
24017

Description

This exceptional mixed-use property, located at 2906 & 2926 Old Houston Rd in Huntsville, Texas, presents a unique investment opportunity. The property encompasses approximately 2.4361 acres and features two single-story buildings totaling approximately 6,750 square feet. The buildings boast approximately 4,170 square feet of classroom and office space, ideal for a variety of uses. Additionally, there is approximately 2,400 square feet of gym space with wood floors, perfect for fitness centers or recreational activities. A large outdoor play area complements the existing structures. The property's zoning allows for diverse uses including office/administration, schools, churches, daycare centers, gyms, workout facilities, and community recreation centers. Conveniently located less than five minutes from I-45, with easy access to TX-19 and downtown Huntsville, this property also benefits from its proximity to Sam Houston State University, less than one mile away. The property's asking price is $999,000, translating to $148 per square foot. The estimated tax rate is $1.6749. The anticipated occupancy date is July 19, 2024. This versatile property offers significant potential for a wide range of commercial ventures. The former YMCA location provides a solid foundation for a thriving business.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $781,416
    6.5%
    $721,307
    7%
    $669,785
  • Comparable approach

    Method
    Valuation
    Relative Method
    $631,652
    Geo Method
    $1,001,220
  • Alternative Use

    Use
    Valuation
    Residential
    $915,008
    Hospitality
    $838,143
    Educational
    $697,325
    Medical
    $721,307
    Retail
    $1,084,728
2906 Old Houston Rd, Huntsville, Texas

Location Insight

City
Huntsville
County
Walker
State
Texas
Latitude
30.6985
Longitude
-95.5404
CBSA code
26660
CBSA name
HUNTSVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$119,120
$373,250
$492,370
-
$119,120
$373,250
$492,370

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