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
Details
| MLS # | 46142644 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 22 |
| Listing Provided By | eXp Realty LLC | Benjamin Deal |
Features
| Acreage | 0.64 |
|---|
Exterior
| Lot Features | Other, Subdivision, Split Possible |
|---|
Taxes
| Tax Annual Amount | 9274 |
|---|
Area Information
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77020 |
| Area | 2 |
| Subarea | Denver Harbor |
| Community Name | Dimension 5 Holdings Lockwood |
| Listing VS Median (in Dimension 5 Holdings Lockwood) | |
Price: $530,000 low | high Med: $0 On site: 22 low | high Med: | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77020 |
| Area | 2 |
| Subarea | Denver Harbor |
| Community Name | Dimension 5 Holdings Lockwood |
| Listing VS Median (in Dimension 5 Holdings Lockwood) | |
Price: $530,000 low | high Med: $0 On site: 22 low | high Med: | |