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    1202 Pease St Houston, TX 77002

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    For Sale
    Contact for pricing

    0.11-Acre Commercial Lot, Central Business District

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.11-acre commercial land parcel, totaling 5,001 square feet, presents a remarkable investment opportunity in Houston's vibrant Central Business District. Located in Block 349 on Pease Street, between San Jacinto and Fannin Streets, this property enjoys a highly desirable location just two blocks from Main Street and the Metro Light Rail line. Its strategic position offers unparalleled access to a wealth of downtown amenities, including the Toyota Center, Minute Maid Park, and the George R. Brown Convention Center, all within comfortable walking distance. The property is situated in an area experiencing significant growth and development, making it an ideal site for a variety of commercial ventures. This prime location, coupled with the land's size and accessibility, ensures strong potential for future appreciation and return on investment. The property's address is 1202 Pease Street, Houston, Texas, 77002, within Harris County. This is a rare opportunity to acquire a piece of Houston's thriving downtown core. The property is zoned for commercial use. Further details are available upon request.

    Property Features for 1202 Pease St

    General Information

    Property type
    Land
    Lot Size
    4,792 SF

    HighLights

    • 0.11‑acre commercial land parcel in Houston's Central Business District.
    • 5,001 square feet of land.
    • Located on Pease Street, between San Jacinto and Fannin Streets, two blocks from Main Street and the Metro Light Rail.
    • Walking distance to Toyota Center, Minutemaid Park, and George R. Brown Convention Center.
    • Excellent opportunity in a rapidly developing area.
    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 Clothing Store Food Market Grocery Store 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
    -95.367801817662
    Latitude
    29.750916460026

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    FAQs

    What type of property is this?
    Land - 0.11-Acre Commercial Lot, Central Business District
    Where is this land located?
    The property is located at 1202 Pease St Houston, TX.
    What are key features of this property?
    This property features: 0.11-acre commercial land parcel in Houston's Central Business District.; 5,001 square feet of land.; Located on Pease Street, between San Jacinto and Fannin Streets, two blocks from Main Street and the Metro Light Rail.
    (713) 823-2121
    Request Owner's contact information
    1202 Pease St Houston, TX 77002
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    Houston, TX 77002
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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
    1202 Pease St Houston, TX 77002
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