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    1506 Blodgett St Houston, TX 77004

    Sponsored
    For Sale
    $2,500,000

    0.54-acre lot, unrestricted use, near Medical Center.

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    331
    This exceptional 23,522 square foot commercial, industrial, and residential land parcel presents a unique investment opportunity in Houston, Texas. Located at 1506 Blodgett Street, in the vibrant Museum District, this 0.54-acre lot boasts a 250-foot frontage and is priced at $106 per square foot, totaling $2,500,000. The property offers unrestricted use, allowing for a wide range of development possibilities, including Class A multifamily, mixed-use, office, or medical office projects. All utilities are publicly available, and there are no easements. Its strategic location provides easy access to major highways, including Highway 59 and Highway 288, ensuring seamless connectivity to Downtown Houston and the Texas Medical Center. The surrounding area is known for its thriving cultural institutions, top-tier educational facilities, and excellent healthcare infrastructure, creating a strong and desirable community atmosphere. This prime location and versatile zoning make this property an ideal investment for developers seeking a high-impact project in a rapidly growing area of Houston.

    Property Features for 1506 Blodgett St

    General Information

    Property type
    Land

    HighLights

    • $2,500,000 asking price for 23,522 square feet of land.
    • Land value of $106 per square foot.
    • Prime location minutes from Downtown Houston, the Texas Medical Center, and major highways (Hwy 59 & 288).
    • Excellent development potential for multifamily, mixed‑use, office, or medical office projects.
    • Situated in the Museum District, near cultural institutions, top‑tier education, and healthcare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.379793792714
    Latitude
    29.7294708675

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    FAQs

    What type of property is this?
    Land - 0.54-acre lot, unrestricted use, near Medical Center.
    Where is this land located?
    The property is located at 1506 Blodgett St Houston, TX.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for 23,522 square feet of land.; Land value of $106 per square foot.; Prime location minutes from Downtown Houston, the Texas Medical Center, and major highways (Hwy 59 & 288).
    Request Owner's contact information
    1506 Blodgett St Houston, TX 77004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1506 Blodgett St Houston, TX 77004
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