1108 Houston St Cleveland, TX 77327
This exceptional 1.8-acre property at 1108 E Houston St, Cleveland, TX 77327, presents a compelling investment opportunity. The 1,580 square foot main building, constructed in 1960, sits on a sizable lot and includes covered parking, adding to its overall functionality. This versatile space is suitable for a variety of uses, including retail, office, or even residential development, given its location in Cleveland's central business district. The property boasts excellent visibility and accessibility, situated near major thoroughfares like I-69, Hwy 105, and Hwy 321, ensuring high traffic volume. With a daily traffic count of 14,498 vehicles per day, this location benefits from a strong local market, encompassing a population of 35,532 within a 5-mile radius and an average household income of $59,986. Its strategic location offers easy access to Grand Parkway (Hwy 99) just 18 minutes south and George Bush Intercontinental Airport (IAH) a mere 37 minutes away. The asking price is $1,136,830, translating to $719.51 per square foot. This property's prime location, combined with its versatility and size, makes it an attractive investment for discerning buyers seeking a strong return in a thriving Texas market. The property's APN is 000441-0000741-007. The property is located in an Opportunity Zone.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.