$6,250,000
$950K PRICE DROP

Estimated payment $34,667/month

Total Views 5,722
2.9 Acres
$2,155,172 Price per Acre
126,324 Sq Ft Lot

About This Lot

Unbeatable location with direct feeder access to US-59 and limitless development potential! This prime 2.9-acre (HCAD Accounts: 0422230000012, 0422230000013, 0422230000016, 0422230000019) site offers a stunning Downtown Houston view—perfect for multi-family developments, retail centers, high-rises, hospitals, or hotels. Plus, an additional 2.5-acre lot across the street brings the total opportunity to 5.5 acres for commercial or residential use.

Strategically positioned near three major highways, this property provides unparalleled connectivity to Houston’s business hub, entertainment venues, and cultural attractions. Whether you're envisioning a thriving mixed-use development or a landmark commercial project, this location offers the space, flexibility, and visibility to bring your vision to life!

Listing Agent

Hanieh Nasizadeh

Walzel Properties - Galleria License #0727065 Listed on: 03/07/2025

Walzel Properties - Galleria

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,342

Lot Details

  • 2.9 Acre Lot
  • Corner Lot
  • Additional Parcels

Schools

  • Sherman Elementary School
  • Fleming Middle School
  • Northside High School

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • 5Th Ward Place Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$7,342

Lot Details

0

Listing Details

  • Directions: From Downtown take North on I59 East. Exit Quitman St and take a left on Quitman St. Then turn right on Jensen Dr and a left on Newhoff St.
  • Prop. Type: Land
  • Lot Size Acres: 2.9
  • Subdivision Name: 5TH WARD PLACE
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Other, Residential, Single Family

Exterior Features

  • Disclosures: None
  • Lot Features: Corner Lot

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: SHERMAN ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: NORTHSIDE HIGH SCHOOL
  • Middle Or Junior School: FLEMING MIDDLE SCHOOL

Lot Info

  • Additional Parcels Description: 0422230000016,0422230000013
  • Additional Parcels: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7342.0

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,295 $1,153,321 $1,109,727 $43,594
2023 $5,015 $1,153,321 $1,109,727 $43,594
2022 $7,294 $883,861 $847,708 $36,153
2021 $7,019 $678,207 $647,341 $30,866
2020 $6,630 $521,142 $493,212 $27,930
2019 $6,298 $326,593 $326,493 $100
2018 $4,302 $326,593 $308,258 $18,335
2017 $5,201 $326,593 $308,258 $18,335
2016 $4,728 $296,866 $277,432 $19,434
2015 $3,335 $170,000 $154,129 $15,871
2014 $3,335 $170,000 $154,129 $15,871
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2025 08/03/25 Price Changed $6,250,000 -4.3% --
04/21/2025 04/21/25 Price Changed $6,529,000 -9.3% --
03/07/2025 03/07/25 For Sale $7,200,000 -- --
Source: Houston Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Sheriffs Deed $7,700 None Available
Source: Public Records

Source: Houston Association of REALTORS®

MLS Number: 90641569

Houston Association of REALTORS®

APN: 0422230000012