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1304-1306 Peden
Houston, TX 77006
Peden Square (2-Lots) · Land For Sale
·
0.08 AC
Investment Highlights
- Two contiguous development lots within Peden Square.
- All utilities available and located outside flood hazard zones.
- Located within a walkable neighborhood surrounded by dining, retail, and cultural destinations.
- Approved plans for two four-story luxury townhomes.
- End-product values supported by strong million-dollar neighborhood comps.
- Site plans for two residential units included, supporting streamlined development timelines.
Executive Summary
Positioned in one of Houston’s most sought-after urban neighborhoods, these two contiguous lots in the Peden Square community offer a rare opportunity for immediate residential development. Situated just moments from the River Oaks Shopping Center, Montrose’s cultural and dining destinations, and the economic core of Downtown Houston, the property enjoys exceptional lifestyle appeal and sustained demand for luxury homes. The surrounding area reflects a strong owner-occupant market, with newly built residences routinely commanding prices near the million-dollar mark, reinforcing both end-buyer appetite and resale confidence.
The site comes fully equipped with all utility connections and benefits from being outside designated flood zones, providing important peace of mind during the development phase. Existing approved plans for two upscale four-story townhomes allow a developer to accelerate timelines and streamline the entitlement process, reducing uncertainty and carrying costs. The lots are well-positioned within a walkable residential enclave known for its blend of modern design, tree-lined streets, and proximity to major employment centers along Allen Parkway and in Downtown.
With quick access to major thoroughfares, nearby green spaces, and a thriving residential base, this offering represents a premier opportunity to deliver high-value homes in one of Houston’s most established urban submarkets. Whether for build-to-sell or long-term portfolio stability, the location and entitlements make this a compelling, ready-to-go investment.
The site comes fully equipped with all utility connections and benefits from being outside designated flood zones, providing important peace of mind during the development phase. Existing approved plans for two upscale four-story townhomes allow a developer to accelerate timelines and streamline the entitlement process, reducing uncertainty and carrying costs. The lots are well-positioned within a walkable residential enclave known for its blend of modern design, tree-lined streets, and proximity to major employment centers along Allen Parkway and in Downtown.
With quick access to major thoroughfares, nearby green spaces, and a thriving residential base, this offering represents a premier opportunity to deliver high-value homes in one of Houston’s most established urban submarkets. Whether for build-to-sell or long-term portfolio stability, the location and entitlements make this a compelling, ready-to-go investment.
Property Facts
1 Lot Available
Lot 3 & 4
| Price | $764,779 CAD | Lot Size | 0.08 AC |
| Price Per AC | $10,040,289.57 CAD |
| Price | $764,779 CAD |
| Price Per AC | $10,040,289.57 CAD |
| Lot Size | 0.08 AC |
Two contiguous lots 3 & 4 in Peden Square development. All Utility connections available. Approved Plans for Two Units are available. Outside Flood area; Never Flooded.
Description
Two contiguous lots 3 & 4 in Peden Square development. All Utility connections available. Outside Flood area; Never Flooded.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $434,353 CAD | Total Assessment | $434,353 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$434,353 CAD
Improvements Assessment
$0 CAD
Total Assessment
$434,353 CAD
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