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$625,000

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0.64 Acres Lot

Active

2400 Lockwood DR Houston, TX 77020

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Eric Gage

eric@gagerealty.com +1(281) 703-9096

UPDATED:

12/06/2024 09:12 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Dimension 5 Holdings Lockwood

MLS Listing ID 68673778

Annual Tax Amount $9,274

Tax Year 2023

Lot Size 0.640 Acres

Acres 0.6404

Property Description

Discover the potential of 2400 Lockwood Dr, a prime 0.64-acre lot in Houston's dynamic Fifth Ward, perfect for your next construction or investment project. This sizable lot offers the versatility to be subdivided, making it ideal for multiple developments. Located in a rapidly developing area with easy access to downtown, this property is fully equipped with public utilities and ready for development. This buildable lot offering significant potential in sought-after, qualified Opportunity Zone (OZ). This OZ asset provides a unique investment opportunity for an OZ investor with exclusive tax benefits including deferred taxes until 2027 and a step-up in basis to maximize returns with no tax on OZ appreciation. For accurate guidance on tax benefits, it's recommended to consult with a qualified tax professional

Location

State TX

County Harris

Area Denver Harbor

Building

Lot Description Can Be Subdivided, Other, Subdivision

Lot Size Range 1/2 Up to 1 Acre

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Atherton Elementary School (Houston)

Middle Schools Mcreynolds Middle School

High Schools Wheatley High School

School District 27 - Houston

Others

Senior Community No

Restrictions Unknown/Verify

Tax ID 138-784-001-0001

Tax Rate 2.0148

Disclosures Sellers Disclosure

Special Listing Condition Sellers Disclosure

Houston Association of Realtors (HAR MLS)

Listed by eXp Realty LLC • Benjamin Deal

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Eric Gage

Broker Associate | License ID: 561466

+1(281) 703-9096

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2400 Lockwood DR Houston, TX 77020

Eric Gage

Key Details

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Schools

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2400 Lockwood DR