$2,100,000
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0.74 Acres Lot
SOLD DATE : 10/29/2021
Key Details
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Riverside Terrace Sec 05
MLS Listing ID 56468195
Sold Date 10/29/21
Annual Tax Amount $22,559
Tax Year 2020
Lot Size 0.735 Acres
Acres 0.7351
Property Description
2612 Riverside Drive provides a very rare opportunity for a developer or investor to purchase a single tract of land with 32,021 sq. ft. in the heart of the city. Formerly, this property operated as a 41 unit motel and also includes a separate retail space which is currently a hair salon. This area has seen tremendous new construction & redevelopment all around including the neighboring lot (23K sq. ft.) which was replatted for 12 townhouses of which all have sold. The property is situated 1 block from Highway 288, 2 blocks from a brand new HEB grocery store and less than 10 minutes from both Downtown & the Texas Medical Center. Major universities including Rice, Texas Southern, University of Houston and St. Thomas are located within a close vicinity as well.
Location
State TX
County Harris
Area Riverside
Building
Lot Description Can Be Subdivided, Open, Other, Subdivision
Lot Size Range 1/2 Up to 1 Acre
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Lockhart Elementary School
Middle Schools Cullen Middle School (Houston)
High Schools Yates High School
School District 27 - Houston
Others
Restrictions Unknown/Verify
Tax ID 061-126-036-0001
Acceptable Financing Conventional, Investor, Other
Tax Rate 2.5366
Disclosures Other Disclosures
Listing Terms Conventional, Investor, Other
Financing Conventional,Investor,Other
Special Listing Condition Other Disclosures
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Bought with Womack Development
13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States