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1960 At Welcome Ln Houston, TX 77014

OFF-MARKET Retail properties & Spaces Google Maps
1.08 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 1.08-acre commercial land parcel presents a prime investment opportunity in Houston, Texas. Located at the intersection of FM 1960 and Welcome Lane, this unrestricted property boasts 133 feet of frontage on the heavily trafficked FM 1960. Access is also available from Welcome Lane, providing excellent visibility and convenient access for potential businesses. Utilities are readily available through Harris County Municipal Utility District (MUD) 233, with MUD reimbursements offered after development, significantly reducing initial costs. The property's strategic location offers significant advantages, situated adjacent to a Christian Brothers Automotive and only three miles from the I-45 freeway, ensuring high traffic volume and easy accessibility. Priced at $800,000, or $17 per square foot, this land represents a compelling value proposition for developers and investors seeking a high-growth area with strong potential for retail development. The property is zoned for commercial use, providing flexibility for a variety of development options. Don't miss this chance to acquire a highly desirable commercial lot in a thriving Houston location.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.08 ac (47,045 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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