Eldridge Pkwy Tomball, TX 77375
- Mixed-use properties
- 1,416 SF
- 1.53 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 0 Eldridge Pkwy
- Year built
- 1969
- Lot size
- 1.53 lot acres
- Property size
- 1,416 SF
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional investment opportunity presents a 1.53-acre mixed-use property in Tomball, Texas, ideally located near the intersection of N Eldridge Parkway and Spring Cypress. The property encompasses five units, with building sizes ranging from 1,416 to 1,932 square feet, including a 3,000 square foot vehicle repair shop with office space. All units are currently leased, generating established rental income. Built between 1969 and 1990, this Class C property offers significant potential for future growth, situated in a rapidly developing area with high residential and commercial density. The property benefits from excellent visibility and high traffic counts, with over 7,000 vehicles daily on N Eldridge Parkway and over 24,000 vehicles daily on Spring Cypress. Its convenient location provides easy access to SH 249 and the Grand Parkway (99). Located in Harris County and within the Tomball ISD, the property's 2017 total tax rate was $2.17 per $100 of assessed value. This is a prime opportunity for investors seeking a multifamily property with development potential in a high-growth area. The asking price is $1,000,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tomball
- County
- Harris
- State
- Texas
- Longitude
- -95.5964
- Latitude
- 30.0178
