Awesome location in Houston's Eastwood, south-east of downtown, served by nearby MetroRail, bursting with new construction right on this block and all around it. Land valuations have tripled lately and the property taxes will force the area to rebuild very quickly in a pattern repeated all around downtown in the last 20 years. Several lots are already owned by investors. Build your huge dream home (expected value $700K) or make 3 townhomes (current retail $330K each) on this lot as an investor. Great examples of both dream-homes and townhomes surround this property already, see photos. The proximity to downtown, Medical Center, and the new UH College of Medicine make this location a safer investment than others. This proximity and the economic recovery should help this lot value continue to rise in the immediate future. With lots of new investment in the area and a new construction retail price around $160 per square foot the numbers should make good sense.