Listing Agency: HOMEWISE REALTY, LLC s***@gmail.com Show Phone

Listed By: SELINA PONNIAH · License #9005545-BB

Source: Corcoran

Added: Feb 17 Changed: Aug 8 Last Checked: Aug 8 at 1:48PM

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Investment Insights

Based on property information with market context.

This commercial land presents a significant investment opportunity for development, with potential for a high-rise, motel, or other real estate ventures. The 42000 square foot lot is located near the University of Houston and offers repositioning potential for commercial or retail use. The property is situated near Old Spanish Trail, Black, and Renshaw streets. Adjacent lots with homes are also available for sale.

Key Highlights

• High‑rise, motel, or real estate development potential.
• Excellent investment opportunity.
• Prime location near University of Houston.

Property Analytics

Property Profile

Current Use

Big State Motor ... Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Accounting Firm Skin Care Clinic Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

587

Businesses Nearby

Explore this area Business Placement

Demographics for 77023, TX

26,780

Population

11,850

Households

2.3

Avg Household Size

36

Median Age

24%

College-Educated

75%

High-School Grad

5.5 sq mi

ZIP Area

4,869

Density / Sq Mi

$50,018

Median Household Income

$35,730

Median Earnings

$1,079

Median Rent

$279,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - Investment opportunity near University of Houston with development potential.

Where is this commercial land located?

The property is located at 5810 Old Spanish Trail Houston, TX.

What is the asking price?

The asking price for this property is $2,490,000.

What are key features of this property?

This property features: High‑rise, motel, or real estate development potential.; Excellent investment opportunity.; Prime location near University of Houston.