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TMC Area Corner Lot Single Family Home with Redevelopment Potential

$860,000

2526 Gramercy Street, Houston, TX 77030

Active
Last Updated: 10/09/2026

2,767 sqft

Building Size

9,520 sqft

Lot Area

Details:
Building Size:    2,767 sqft
Lot Area:    9,520 sqft
Occupancy:    100%
Units:    1
Year Built:    1955
Zoning:    Single-Family Residential, Houston No City Zoning
Floors:    1
Parking Spots:    2
Beds:    3
Baths:    2
HOA:    No
Pool:    No
Lease Expire Year:    2027
Highlights:
  • Large corner lot with major road frontage, commercial potential
  • Prime TMC medical corridor location plus highly-rated school district
  • Hybrid asset: residential value + commercial redevelopment upside
  • Flexible strategies: mixed-use renovation, rental hold or tear-down rebuild
  • Holistic pricing based on land & redevelopment potential, not just SFR comps
  • Existing 2,767 SF home, 3 beds / 2 baths。
  • Buyer to complete independent due diligence; all uses subject to city approval
Description:

This property features a large corner lot with frontage along a major roadway, presenting commercial-use potential, paired with top-rated school district and premium location within the Texas Medical Center (TMC) corridor. Positioned as a hybrid asset combining residential value plus commercial redevelopment upside, the site is suitable for renovation for mixed residential & commercial use, buy-and-hold rental investment, or tear-down and new construction.
The lot size and corner configuration create substantial redevelopment and rebuilding potential. Subject to applicable planning, zoning and municipal approvals, mixed-use concepts can be evaluated.
Priced holistically based on the existing residence, prime corner land and redevelopment capacity. It shall NOT be valued solely by comparable sales of ordinary single-family homes nearby. Best suited for buyers who prioritize major-road frontage land value, long-term appreciation or development capability.
Buyers shall conduct independent due diligence regarding specific use, renovation feasibility and value upside, all subject to governmental approval. Contact for further details.
The existing single-family home is 2,767 sqft with 3 beds / 2 baths, No HOA and no HOA fees.

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