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1822 Cresline St - 1.3 Acres | Near Hardy Toll Rd | 23K CPD

1.3 Acres of Residential Land Offered at $695,000 in Houston, TX 77093

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Investment Highlights

1.3 acres on Parker Rd. one block east of Hardy Toll Road.
±5600 SF of Improvements
Utilities are all available in the right of way. Utilities are presently connected to all improvements. Buildings are on separate electrical meters

23,000 cars per day along Parker Rd.
Access to the property from three sides: two curb cuts along Parker, two culvert entrances along Cresline St., wide street level access along Exeter.

Executive Summary

Great opportunity to purchase 1.3 acres one block from the Hardy Toll Road on the highly-trafficked Parker Rd. (23,000 CPD) with overpass access to the other side of the toll road via Parker Rd. Great visibility on this corner lot. Deed-restricted for residential use only; no commercial development is allowed. Prime for redevelopment.

Property Facts

Price	$695,000	Property Subtype	Residential
Sale Type	Investment or Owner User	Total Lot Size	1.30 AC
No. Lots	1	Parcel Numbers	Multiple 0670690030044 0670690030093
Property Type	Land

Price	$695,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	1.30 AC
Parcel Numbers	Multiple 0670690030044 0670690030093

1 Lot Available

Lot

Price	$695,000	Lot Size	1.30 AC
Price Per AC	$534,615

Price	$695,000
Price Per AC	$534,615
Lot Size	1.30 AC

1.3 acres one block east of the Hardy Toll Road with overpass access to the other side of the toll road via Parker Rd. The ±5637 SF of improvements are three homes and a chapel, requiring remodeling.

Description

Great opportunity to purchase 1.3 acres near the Hardy Toll Road on the heavily-trafficked Parker Rd (20,000+ average cpd) with overpass access to the other side of the toll road. Excellent deed-restricted land for further residential use only; commercial development is not allowed. There are presently four buildings (three homes and a former chapel) totaling 5,600+ SF of residential improvements with access also from Cresline and Exeter Streets. Three of the four buildings are in various states of disrepair, ready for repairs and remodeling, or can do away with one or two buildings to make way for single or multi-family development. Two curb cuts along Parker Rd., two current culvert entries along Cresline St., and a wide street-level entry along Exeter St. give access to this sizable property from three streets.

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