2902 Caroline St Houston, TX 77002

Property Details for 2902 Caroline St

Year built

1995

Construction

STEEL FRAME

Lot size

1.02 lot acres

Property size

20,110 SF

Property type

Warehouses

APN

1372850010001

APU

1372850010001

Description

This exceptional 1.66-acre commercial land parcel presents a unique redevelopment opportunity in Houston's vibrant Midtown district. Situated at 2902 Caroline Street, in Harris County, Texas (zip code 77002), this property boasts significant advantages for investors. The site benefits from its location within a Qualified Opportunity Zone (QOZ), offering substantial tax advantages. Importantly, it's outside the 100-year and 500-year floodplains, mitigating risk. All city utilities are readily available. The property enjoys frontage on the recently completed Caroline Street reconstruction, enhancing visibility and accessibility. Midtown's exemption from minimum parking regulations provides flexibility for development. Furthermore, its proximity to Houston's burgeoning Innovation Corridor and the Metro Rail Red Line (two blocks away) ensures strong connectivity and potential for high demand. The absence of existing zoning within the City of Houston offers developers considerable latitude in project planning. This property is ideal for a variety of commercial uses and presents a compelling investment prospect. The seller may consider leasing options, and properties may be purchased individually or as a portfolio. This is a rare chance to acquire a strategically located, high-potential development site in one of Houston's most dynamic neighborhoods.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.3736

Latitude

29.7418

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments