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
46
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)
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