2014 Commonwealth St, Houston, TX 77006
- $2,749,000
- List Price
- $2,749,000
- Status
- ACTIVE
- MLS#
- 47446509
- Days on Market
- 20
- Lot Size
- 24,178
- Lot Size Source
- Other
- Subdivision
- Hyde Park
- Region
- 16
- Market Area
- Montrose
- County
- Harris
Property Description
RARE OPPORTUNITY to acquire a contiguous assemblage of FIVE parcels totaling approximately 0.56 ACRES in the heart of MONTROSE. The property includes FOUR income-producing commercial buildings totaling approximately 10,750 SF, along with one undeveloped lot—offering immediate cash flow with significant upside for redevelopment, owner-user use, or long-term hold.This prime site is surrounded by UPSCALE residential, boutique retail, and walkable dining, with easy access to Downtown, the Texas Medical Center, Museum District, Hermann Park, and the Ion District. The portfolio currently can generate approximately $17,200//MONTH in rental INCOME, allowing investors to hold the asset while working through project plans, entitlements, and preliminary development without carrying vacant land. With neighboring townhomes trading for over $1M and a significant influx of growth throughout Montrose, this site is positioned in a high-demand area ideal for luxury residential or mixed-use development!
Additional Information
- Finance Available
- Cash, Conventional, Investor Financing, Other
- Neighborhood
- Montrose
- Utilities
- Cable Available, Electricity Available, Natural Gas Available, Phone Available
- Lot Description
- Corner Lot, Other, Split Possible
- School District
- Houston
- Elementary School
- Baker Montessori School
- Middle School
- Lanier Middle School
- High School
- Lamar High School (Houston)
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Listing courtesy of Atlas Real Estate.