3229 Elgin St Houston, TX 77004
- Land
Current Use by Public Records
- Land
Property Details for 3229 Elgin St
- Property type
- Land
Description
This exceptional 5,000 square foot commercial lot presents a unique investment opportunity in Houston's vibrant Greater Third Ward, also known as University Oaks. Located on Elgin Street, this cleared lot boasts 55 feet of frontage, offering excellent visibility and accessibility. The property benefits from its location within a Qualified Opportunity Zone (QOZ), providing significant tax advantages for investors. Its strategic position places it within blocks of Texas Southern University and the University of Houston, surrounded by historic churches and popular restaurants. Elgin Street features a wide esplanade, promoting pedestrian and bicycle traffic. Furthermore, the property is situated outside the 100 and 500-year floodplains, minimizing risk. Enjoy convenient access to major thoroughfares, including Highway 288, I-69, Highway 90, I-45, and Spur 5, providing seamless connectivity to Midtown, the Texas Medical Center, the Museum District, Downtown Houston, NRG Stadium, and the East Downtown area. This property is ideal for developers seeking a prime location in a rapidly growing area with strong potential for future appreciation. The asking price is $224,900. Don't miss this chance to acquire a valuable asset in a thriving Houston neighborhood.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3565
- Latitude
- 29.7302
