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    2500 Leeland St Houston, TX 77003

    For Sale
    Contact for pricing

    0.19-acre lot, prime Houston location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.19-acre commercial and residential land parcel presents a compelling development opportunity in Houston's vibrant East Downtown Management District. Situated at 2500 Leeland Street, this 8,437 square foot lot offers significant potential for retail development, capitalizing on its proximity to the city's core. The property is ideally positioned near major attractions including the Toyota Center, Minute Maid Park, George R. Brown Convention Center, and the Houston Center, ensuring high visibility and accessibility. Surrounded by the Signe Oaks Subdivision, a recently developed area of single-family homes, this location benefits from a rapidly growing residential neighborhood undergoing significant redevelopment with numerous loft conversions and new townhomes. The high traffic location within the East Downtown Management District further enhances its commercial viability. Potential buyers should be aware of a potential site closure requirement due to past environmental concerns that will need to be addressed. This property is being offered with a broker co-op agreement. This is a rare opportunity to acquire a strategically located parcel in a thriving Houston neighborhood.

    Property Features for 2500 Leeland St

    General Information

    Property type
    Land
    Lot Size
    8,276 SF

    HighLights

    • 8,437 SF land parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.354808931426
    Latitude
    29.744209061676

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    FAQs

    What type of property is this?
    Land - 0.19-acre lot, prime Houston location.
    Where is this land located?
    The property is located at 2500 Leeland St Houston, TX.
    What are key features of this property?
    This property features: 8,437 SF land parcel.; ;
    (713) 823-2121
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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
    2500 Leeland St Houston, TX 77003
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