1859 Kingwood Dr Kingwood, TX 77339-3047
- Banks
- 3,753 SF
- 0.80 lot acres
Current Use by Public Records
- PNC ATM / Atm
- PNC Bank / Atm / Bank
Property Details for 1859 Kingwood Dr
- Year built
- 1978
- Construction
- WOOD FRAME
- Lot size
- 0.80 lot acres
- Property size
- 3,753 SF
- Property type
- Banks
- APN
- 1126420000002
- APU
- 1126420000002
Description
This exceptional retail property, a former bank building, presents a unique investment opportunity in the thriving Kingwood, Texas market. The building boasts 2,961 square feet of usable space, ideally suited for a variety of retail ventures. Situated on a 0.85-acre lot, the property offers ample space for expansion or additional development. Its strategic location on Kingwood Drive provides excellent visibility and accessibility, benefiting from its position as an east/west connector to the Eastex Freeway, ensuring high traffic volume and prominent exposure to potential customers. The building's previous use as a bank suggests a solid foundation and potentially desirable features, such as secure vaulting or robust security systems. This property is perfect for an entrepreneur seeking a well-established location with high traffic counts or an investor looking for a strong return on investment in a rapidly growing area. The property's address is 1859 Kingwood Drive, Houston, Texas, 77339, within Harris County. The substantial lot size offers significant potential for future development or expansion, making this a truly versatile and attractive commercial property. This is a rare opportunity to acquire a well-positioned retail space in a desirable Kingwood location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $785,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,025,000
- 6.5%
- $885,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $800,000
- Geo Method
- $800,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $820,000
- Retail
- $1,075,000
- Mixed-Use
- $1,005,000
- Hospitality
- $835,000
- Educational
- $820,000
- Residential Income
- $1,045,000
- Energy
- $995,000
- Income-Based Land
- $1,035,000
- Food Service
- $1,105,000
Location Insight
- Map
- Local Demand
- City
- Kingwood
- County
- Harris
- State
- Texas
- Longitude
- -95.2282
- Latitude
- 30.0515
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
