2615- 2619 North Fwy 3 Properties Offered at $837,552 CAD in Houston, TX

Freeway frontage in the Heights. Great location for bar, restaurant, or mixed use. Lots of ongoing redevelopment in this area, neighbors are currently building a two story multi-tenant development (see last two photos).
Two contiguous 5000 SF lots zoned F1 Commercial, along the I-45 South Bound feeder between Patton and Main. Four existing rental units. City of Houston water and sewer. View of Downtown. Walking distance to Red line Moody Station, 2 stops to downtown.
F-1 commercial. Property is outside of the proposed I-45 realignment. These lots have individual frontage road cutouts and an accessible rear alley. There are four existing structures. The front main building (c. 1920) is in poor shape but could potentially be remodeled in a permit efficient fashion. If the main building was renovated, the adjacent paved lot would provide enough parking for commercial use such as a bar or restaurant. This was our original plan for the property, and we might consider a JV with a qualified partner.
Alternatively, six single family residences could be constructed with a view of downtown. 2615-2619 North Fwy is currently a 2,226 square foot multi-family home on two 5,000 square foot lots with 4 bedrooms and 4 bathrooms, and a 448 SF Portable/Modular Office building with bath. Based on Redfin's Houston data, we estimate the home and adjacent lot's value is $875,328. Multi-family (2-4 unit) Built in 1920 and has A/C.