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4615 Sherman St 0.76 Acres of Commercial Land Offered at $1,973,485 CAD in Houston, TX 77011

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Investment Highlights

24 Hour Access
Fenced Lot
Storage Space

Corner Lot
Signage
Air Conditioning

Executive Summary

Selling financing available with 15% down at below market rate. EADO Opportunity. This is an rare opportunity to acquire a large parcel of land in the rapidly changing EADO. Hard corner lot. This sale consists of 1 parcel of 27,000 and 1 other contiguous parcel of 6,250 sq. ft. for a TOTAL of 33,250 sq. ft. There are buildings on both lots, current rent about $5K per month. Both parcels sold together. You can keep the buildings rented while you plan for redevelopment. This is currently priced below what other deals are getting done in the East End (EADO). Only 2.5 miles from the 169 acre East River Project development by Midway. City infrastructure being updated all around. New housing steps away. One block to the Hike and Bike trail.

Property Facts

Price	$1,973,485 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Multifamily Apartment Units Bank Carwash Contractor Storage Yard Drugstore Fast Food Healthcare Hold For Development Restaurant Self Storage Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Strip Centre
Sale Conditions	1031 Exchange Ground Lease (Leasehold) Lease Option Redevelopment Project	Total Lot Size	0.76 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	None residential or comm - multi family, office, retail (No zoning - this is Houston!)

Price	$1,973,485 CAD
Sale Type	Investment
Sale Conditions	1031 Exchange Ground Lease (Leasehold) Lease Option Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Multifamily Apartment Units Bank Carwash Contractor Storage Yard Drugstore Fast Food Healthcare Hold For Development Restaurant Self Storage Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Strip Centre
Total Lot Size	0.76 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	None residential or comm - multi family, office, retail (No zoning - this is Houston!)

1 Lot Available

Lot 1

Price	$1,973,485 CAD	Lot Size	0.76 AC
Price Per AC	$2,585,413.09 CAD

Price	$1,973,485 CAD
Price Per AC	$2,585,413.09 CAD
Lot Size	0.76 AC

SELLER FINANCIANG AVAILABLE with 15% down (on approved credit)! Below market rates ! EADO Opportunity. One lot 27,000 plus 6,250 for a total of 33,250 sq. ft. Currently rented for $5K per month. Hard corner. Occupied.

Description

SELLER FINANCIANG AVAILABLE with 15% down! Below market rates ! EADO Opportunity. This is an rare opportunity to acquire a large parcel of land in the rapidly changing EADO. Hard corner lot. This sale consists of 1 parcel of 27,000 and 1 other contiguous parcel of 6,250 sq. ft. for a TOTAL of 33,250 sq. ft. There are buildings on both lots, current rent about $5K per month. Both parcels sold together. You can keep the buildings rented while you plan for redevelopment. This is currently priced below what other deals are getting done in the East End (EADO). Only 2.5 miles from the 169 acre East River Project development by Midway. City infrastructure being updated all around. New housing steps away. One block to the Hike and Bike trail. The RED OUTLINE in the picture shows both properties together. One building is 4,000 sq. ft multi tenant use and the other is a residential/workshop. Both currently rented.

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