5,775 SF corner lot | University Areas | $250,000
Close to TMC, new Innovation District & new UH Medical School
5,775 SF corner lot. Large trees. Excellent opportunity to develop commercial or residential in University Areas.
Close to new Houston Innovation District and new UH College of Medicine opening in 2020.
Recently renovated neighbor. 205 feet frontage including 150 feet on Emancipation. Not in flood zone.
Economics: 14% annual increase in property tax values and single-family homes avg. sale price per SF.
Investor demographics: Washington Terrace has 79% employed in white collar job, 39% with at least undergraduate degrees. Compared to Houston, 19% higher undergraduate degree and 22% lower owner-occupied homes.
Outstanding location. Under 1 MI to Hermann Park, Museum District, TSU. Under 2 MI to Downtown, Texas Medical Center, UH Central Campus.
Easy access. 0.8 MI from 288 northbound and 0.9 MI from 288 southbound. Under 1 MI to US 69. 1.5 MI to I45. 3.5 MI to I610.
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For More Information
Laramie Driscoll, BS, ABR, BPOR, CIPS, GRI, Relocation Certified
SWPRE Managing Partner
m +1 713.219.5960
o +1 713.918.9951
e laramie@swpre.com
w https://laramiedriscoll.swpre.com/
Pictures
Investment Indicators
Community DNA
Harris County Appraisal District Data
Owner: Name withheld at request of Seller
Property Address: 2403 Ruth ST, Houston, TX 77004
Legal:
Property ID: 0611530000022
Legal Description: LT 22, BLK 14, Washington Terrace
Improvements: None
Land:
Size*: 0.1326 acres | 5,775 SF | .536 hectares | 536.51 m2
Frontage: 160' (55' on Ruth ST and 105' on Emancipation AVE)
Depth: 105'
*Acres, hectares, m2 calculations by SWPRE
Property information:
Market Area: 1C, Riverside Terrace, University Areas
Key Map: 493Y
Property Taxes:
Paid 2018: $2,371.33
2018 taxes without exemptions: $2,371.33
Tax Rate: 2.530443
Exemptions: No
Drive Time & Radii Maps
Google Driving Maps
Directions
0.8 MI from Northbound HWY 288 at Southmore ST / Blodgett ST
Take exit toward Southmore ST/Blodgett ST 0.2 MI
Merge onto Service RD 0.1 MI
Continue onto Hutchins ST 0.3 M
Turn right (east) on Ruth ST 0.1 MI
Property on northeast corner of Ruth ST and Emancipation AVE
Google Map link
0.9 MI from Southbound HWY 288 at Southmore ST / Calumet ST / Binz ST
Take exit and merge onto Service RD 0.2 MI
Turn right (NE) on Wichita ST 417 feet
Turn right (N) on Almeda ST 0.3 MI
Turn right (SE) on Blodgett ST 0.3 mi
Turn left (NE) on Emancipation AVE 358 feet
Property on northeast corner of Ruth ST and Emancipation AVE
Google Map link
3% Buyer Broker Commission
Only requirements for payment of 3% buyer broker commissions: Texas Broker License and submit contract that escrows, closes and funds.
For more information
Contact Laramie Driscoll at 713.213.5960 or 2403ruth@swpre.com, or complete the form below
