About 2014 Commonwealth Street
RARE OPPORTUNITY to acquire a contiguous assemblage of FIVE parcels totaling approximately 0.56 ACRES in the heart of MONTROSE. The property includes FOUR income-producing commercial buildings totaling approximately 10,750 SF, along with one undeveloped lot—offering immediate cash flow with significant upside for redevelopment, owner-user use, or long-term hold.This prime site is surrounded by UPSCALE residential, boutique retail, and walkable dining, with easy access to Downtown, the Texas Medical Center, Museum District, Hermann Park, and the Ion District. The portfolio currently can generate approximately $17,200//MONTH in rental INCOME, allowing investors to hold the asset while working through project plans, entitlements, and preliminary development without carrying vacant land. With neighboring townhomes trading for over $1M and a significant influx of growth throughout Montrose, this site is positioned in a high-demand area ideal for luxury residential or mixed-use development!
Features of 2014 Commonwealth Street
| MLS® # | 47446509 |
|---|---|
| Price | $2,749,000 |
| Square Footage | 23958 |
| Acres | 0.55 |
| Type | Land |
| Sub-Type | Lots |
| Status | Active |
Community Information
| Address | 2014 Commonwealth Street |
|---|---|
| Area | 16 |
| Subdivision | Hyde Park |
| City | Houston |
| County | Harris |
| State | TX |
| Zip Code | 77006-1804 |
Amenities
| Utilities | Natural Gas Available, Cable Available, Electricity Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Can Be Subdivided, Corner Lot, 1/2 Up to 1 Acre, Other Lot Improvements |
|---|
School Information
| District | 27 - Houston |
|---|---|
| Elementary | Baker Montessori School |
| Middle | Lanier Middle School |
| High | Lamar High School (Houston) |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Atlas Real Estate |
|---|