2906 Old Houston RdHuntsville, TX 77340

Property Details for 2906 Old Houston Rd

Year built

1983

Lot size

2.19 AC

Property size (Sq ft)

2,908 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $905,989

  6.5%

  $836,298

  7%

  $776,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $549,262

  Geo Method

  $870,626

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,693,460

  Retail / Commercial

  $859,202

  Mixed-Use / Specialty

  $848,890

  Hospitality / Lodging

  $613,367

  Office

  $836,298

  Institutional / Educational

  $879,913

  Residential Income

  $1,029,500

  Multifamily

  $1,274,910

  Automotive / Energy

  $754,212

  Parking / Income-Based Land

  $267,430

  Restaurant / Food Service

  $426,045

  Healthcare / Senior Housing

  $877,954

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

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