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Montrose Mixed-Use Development Opportunity

2014 Commonwealth St, Houston, TX 77006

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For Sale

$2,899,990

Five parcels in Montrose with income and redevelopment potential.

Type:Land

Property size:

10,750 SF

Lot size:

0.56 Acres

Price / SF:

$269/SF

Listing Contact

Afsaneh Mahban

Real Estate License ID: 0728708

HighLights

Prime Montrose location in a high‑demand area
Four income‑producing commercial buildings generating approximately $17,200/month
Contiguous assemblage of five parcels totaling approximately 0.56 acres
Significant upside for redevelopment or long‑term hold
Excellent walkability score of 90, surrounded by upscale amenities
Easy access to Downtown, the Texas Medical Center and Hermann Park

Learn more

For Sale

$2,899,990

Five parcels in Montrose with income and redevelopment potential.

Type:Land

Property size:

10,750 SF

Lot size:

0.56 Acres

Price / SF:

$269/SF

Added:: Apr 21, 2026
Days on Market:: 52
Last Refresh:: Apr 21 at 12:53 am

Property Features for 2014 Commonwealth St

General Information

Standard status: Active
Size: 10,750 SF
Lot size: 0.56 Acres
Property subtype: Land

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Listing Contact

Afsaneh Mahban

Listing agent Afsaneh Mahban License #0728708

Listing office Atlas Real Estate

Listing date Apr 21, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Atlas Real Estate

HighLights

Prime Montrose location in a high‑demand area
Four income‑producing commercial buildings generating approximately $17,200/month
Contiguous assemblage of five parcels totaling approximately 0.56 acres
Significant upside for redevelopment or long‑term hold
Excellent walkability score of 90, surrounded by upscale amenities
Easy access to Downtown, the Texas Medical Center and Hermann Park

Overview

This offering presents a rare opportunity to acquire a contiguous assemblage of five parcels, totaling approximately 0.56 acres, situated in the heart of Montrose. The property includes four income-producing commercial buildings, encompassing approximately 10,750 square feet, along with one undeveloped lot. This provides immediate cash flow with significant upside for redevelopment, owner-user occupancy, or long-term investment. The location is surrounded by upscale residential properties, boutique retail establishments, and walkable dining options, with convenient access to Downtown, the Texas Medical Center, the Museum District, Hermann Park, and the Ion District. The portfolio can currently generate approximately $17,200 per month in rental income, enabling investors to hold the asset while developing project plans, entitlements, and preliminary development without the burden of carrying vacant land. With neighboring townhomes trading for over $1 million 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. The location has a bike score of 77, indicating it is very bikeable, a walk score of 90, indicating it is very walkable, and a transit score of 66, indicating good transit options.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$220.6k	$20.52
− Vacancy	−$12.4k	−$1.15
EGI	$208.2k	$19.37
− OpEx	−$62.5k	−$5.81
NOI	$145.8k	$13.56

10,750 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.08M

$1.82M – $2.43M (±1% cap)

NOI $145,766 @ 7.0% cap · market cap 5.03%

Second Best

Mixed Use

$2.03M

$1.77M – $2.37M (±1% cap)

NOI $141,900 @ 7.0% cap · market cap 4.89%

Theoretical Best

Office A

$2.76M

$2.42M – $3.23M (±1% cap)

NOI $193,500 @ 7.0% cap · market cap 6.67%

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

Location Intelligence

Current Use by Public Records

Camellia Alise Spa & Massage Center

Suggested Use

Location Insight

Map
Local Demand

City: Houston
County: Fort Bend
State: Texas
Longitude: -95.3978631
Latitude: 29.7492169

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For sale
Commercial land
TX
Houston
77006
2014 Commonwealth St

What type of property is this?

Commercial land - Five parcels in Montrose with income and redevelopment potential.

Where is this commercial land located?

The property is located at 2014 Commonwealth St Houston, TX.

What is the asking price?

The asking price for this property is $2,899,990.

What are key features of this property?

This property features: Prime Montrose location in a high‑demand area; Four income‑producing commercial buildings generating approximately $17,200/month; Contiguous assemblage of five parcels totaling approximately 0.56 acres