1515 Persimmon St Tomball, TX 77375
This exceptional 7.62-acre commercial property in Tomball, Texas, presents a remarkable investment opportunity. Located at 1515 S Persimmon St, this unrestricted land boasts 377 feet of frontage on S Persimmon Street and sits at the corner of S Persimmon and Medical Complex Road, offering excellent visibility and accessibility. The property is conveniently situated within Tomball City Limits and the Tomball Independent School District, providing significant advantages for development. Currently featuring a 1,960 square foot building, built in 1984, the land is fully fenced and benefits from an existing agricultural exemption. The property is easily subdividable, catering to a variety of development plans, including commercial, residential, and retail uses. Its prime location offers easy access to major thoroughfares such as State Highway 249, FM 2920, and the Grand Parkway. The property's strategic position borders the new Raburn Reserve master-planned community and enjoys close proximity to Old Town Tomball. Currently utilizing a well and septic system, city water and sewer utilities are readily available. Note that the property is comprised of two Harris County Appraisal District (HCAD) accounts. This presents a unique chance to capitalize on the thriving Tomball market and its strong growth potential. The asking price is $1,800,000, with a price per square foot of $918.37.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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