59 Washington Ave Cleveland, TX 77327
This exceptional 2.21-acre commercial land parcel in Cleveland, Texas, presents a unique investment opportunity. Comprised of four tracts, this property offers excellent visibility and accessibility, situated between US Hwy 59/IH-69 and S. Washington Ave. The strategic location allows for convenient flow-through traffic between US 59 Feeder and S. Washington Ave, maximizing exposure for any commercial venture. The property is ideally suited for a variety of uses, including retail strip centers, quick-service restaurants (QSRs), convenience stores, medical clinics, general commercial spaces, or professional offices. Significant signage opportunities exist on both US 59 Feeder and S. Washington Ave. Utilities, including electricity, water, and gas, are readily available on S. Washington Ave., with sewer access approximately 500 feet north on the same street. Located just 16 miles from US Hwy 99 and Houston's burgeoning northeast communities, this property offers unparalleled potential for growth and return on investment. The asking price is $740,000. This is a rare opportunity to acquire a well-positioned commercial land parcel in a rapidly developing area.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.