2400 Lockwood Drive, Houston TX, 77020

Active

2400 Lockwood Drive

Houston TX, 77020

$795,000

$28.50 per sqft

Active

0.64 Acres

Land

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

92950527

MLSⓇ ID

April 19, 2024

Listed

April 25, 2024

Updated

Map

2400 Lockwood Drive
Houston TX, 77020

Exterior/Building Features

Lot Size: 0.64 Acres
Lot Features: Can Be Subdivided, Other, Subdivision, 1/2 Up to 1 Acre
Sewer: Public Sewer

School Information

School District: 27 - Houston
High School: Wheatley High School
Elementary School: Atherton Elementary School (Houston)

Other Property Details

Area Name: 2
Taxes: $9,274
Tax Frequency: Annually
Days on Market: 6
Garage: No
View: No
County: Harris
Water Source: Public
Pool: No
Buyer Agency Compensation: 3%

Courtesy of eXp Realty LLC, Benjamin Deal

Based on information from the Houston Association of REALTORS as of 4/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 8:39 PM UTC, 4/25/2024