2400 Lockwood Dr, Houston, TX 77020

$530,000

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List Price: $530,000
MLS#: 46142644
Status: ACTIVE
Type: Land
Subtype: Land
Acres: 0.64
County: Harris
Area: 2
City: Houston
Subdivision: Dimension 5 Holdings Lockwood

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Property Description

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

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