$2,600,000

2612 Riverside Drive provides a very rare opportunity for a developer or investor to purchase a single tract of land with 32,021 sq. ft. in the heart of the city. Formerly, this property operated as a 41 unit motel and also includes a separate retail space which was formerly a hair salon. This area has seen tremendous new construction & redevelopment all around including the neighboring lot (23K sq. ft.) which was replatted for 12 townhouses of which all have sold. The property is situated 1 block from Highway 288, 2 blocks from a HEB grocery store and less than 10 minutes from both Downtown & the Texas Medical Center. Major universities including Rice, Texas Southern, University of Houston and St. Thomas are located within a close vicinity as well. 2612 Riverside Drive provides a very rare opportunity for a developer or investor to purchase a single tract of land with 32,021 sq. ft. in the heart of the city. Formerly, this property operated as a 41 unit motel and also includes a separate retail space which was formerly a hair salon. This area has seen tremendous new construction & redevelopment all around including the neighboring lot (23K sq. ft.) which was replatted for 12 townhouses of which all have sold. The property is situated 1 block from Highway 288, 2 blocks from a HEB grocery store and less than 10 minutes from both Downtown & the Texas Medical Center. Major universities including Rice, Texas Southern, University of Houston and St. Thomas are located within a close vicinity as well.