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$299,000

$375,000

Corner Houston & Fifth, Portland, TX, 78374

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Baths0 Bath

About this property

Perfectly situated in Portland's Old Town 2 Leisure & Entertainment District ("LED"), these 6 lots stand ready to transition your business/residential dreams into reality. With limited parcels available in the LED, you'll be positioned to grow your business exponentially. Allowing beer/wine sales within the LED, the City of Portland's Fifth & Elm property is across Fifth street from this property & showcase The Grove, Rafael Blanco Public Murals, live concerts, community engagement and farmer's markets. Pavestone corner, striped street parking, tall City lights, bright Edison bulbs on Fifth Street will make the perfect setting for your property on the corner of Fifth & Houston. Recent land transactions, personalized fitness centers, specialized energy drinks & new construction for a retail/restaurant centers are indicators that Old Town 2's LED is the smartest place for the right investor to capitalize on Portland's growth, tourism & future. 150' along Houston Street, which leads to Sunset Lake's Hike/Bike trail & 142.5' along Fifth Street, 150' along an abandoned 15' alley & a shared 142.5' border with the tract to the south. Property has a wide concrete entry on Houston, on Fifth Street, is fully fenced & has 2 entry gates. Be part of Portland's heart, soul & future. Mixed use zoning will make this vibrant sparkling area an amazing destination! Come sing, dance, visit & vibe in beautiful breezy Portland! You won't be sorry!

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

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

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Portland

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Corner Houston & Fifth | Property Details | No Agent List