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Property profile & analytics
OFF-MARKET
Land

59 Washington Ave Cleveland, TX 77327

2.21 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2.21 ac (96,268 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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