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$975,000

0 Hohldale Street, Houston, TX, 77091

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About this property

A rare opportunity for a hard-corner lot at Yale Street and Hohldale Street in Independence Heights, just north of historic Houston Heights — one of the most active redevelopment corridors ~2 mi North of Loop 610. The corridor's growth is already showing: a shopping center with a fuel/convenience component recently sold a few blocks north. The parcel combines a corner commercial portion (Lot 6, the larger portion) fronting Yale Street — a major thoroughfare with a smaller adjoining residential portion (Tract 5B) fronting Hohldale Street. Lot 6 offers a strong pad site for retail, QSR, medical office, or other single-tenant commercial development (alcohol sales are not permitted), while Tract 5B is deed restricted to a single-family residence. The property is flat, mostly cleared, and ready to use, with public water, sewer, and outside the flood zone. An existing outdoor advertising lease on the property. Metro bus stop in front of the property on Yale.

Investor Tools

$0Estimated Mortgage Balance
$975,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

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Jennifer Bartlow

RE/MAX Elite Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Houston

0 Hohldale Street | Property Details | No Agent List