1236 Lorraine St Houston, TX 77009
This exceptional 4,850 square foot commercial and residential lot presents a unique investment opportunity in Houston, Texas. Located at 1236 Lorraine St, in Harris County, zip code 77009, this property boasts a prime location in the North Side neighborhood, conveniently situated just inside the 610 Loop. Its strategic position offers easy access to Downtown Houston, the University of Houston Downtown, a variety of restaurants, the aquarium, the zoo, and the medical center. Major transportation routes, including Metro rail and highways, are also readily accessible. The property is unrestricted, meaning there are no HOA fees to contend with, providing maximum flexibility for development. This site is perfectly suited for commercial, residential, or mixed-use projects. Importantly, this lot did not flood during Hurricanes Harvey or Beryl. The asking price is $325,000, and owner financing is available. Note that an adjacent lot is also available for purchase. This is a rare chance to acquire a highly desirable property with significant development potential in a thriving Houston location.
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
Similar Nearby for Sale
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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.