Exceptional Inner-Loop Development Opportunity | Ready-to-Build Site in the Heart of Houston’s Growth Corridor

245 Palmyra St, Houston, TX 77022

Property Information

  • For Sale $299,980
  • Property Type VacantLand
  • Property Size 1,140 SF
  • Lot Size 0.46 Acre
  • Building Class C
  • Year Built 1948
  • Date Updated May 4, 2026

Description

Perfectly positioned just 2 miles from I-10 and 3.5 miles from Downtown Houston, this site provides quick access to major job centers and key transit routes. The location is minutes from the East River development, Buffalo Bayou Greenways, and Houston’s vibrant East End — an area experiencing significant revitalization and growth. Residents and future homeowners will enjoy access to well-rated charter schools, neighborhood parks, and nearby community centers. Essential conveniences such as grocery stores, retail, and healthcare—including Harris Health and CVS MinuteClinic—are only five minutes away. The area’s walkable streets, bike-friendly design, and connection to METRO public transit make it ideal for modern, connected urban living.Located just minutes from Downtown Houston, 245 Palmyra Street offers a premier infill development opportunity in one of the city’s fastest-growing redevelopment corridors. This ±20,100 SF site is shovel-ready and positioned for a mix of single-family homes or townhomes, making it an ideal project for builders seeking immediate impact and long-term value. The property benefits from nearby utilities and ongoing platting, providing a clear path toward development. With strong buyer demand, steady absorption, and significant new construction activity in the area, this site offers both excellent short-term profitability and lasting neighborhood appreciation. While Houston has no formal zoning laws, the property’s A1 Residential Single-Family designation and favorable lot configuration allow flexibility for various residential build types. All development remains subject to city code, lot size, and parking requirements. This is a rare chance to secure a development-ready tract in a high-demand, inner-loop location surrounded by revitalization.

Highlights

  • A-1 Residential Single-Family designation offering flexible residential development options.
  • Direct access from Palmyra Street with quick connections to I-10 and the 610 Loop, providing excellent mobility to and from major Houston corridors.
  • Flat, cleared, and development-ready land ideal for immediate vertical construction.
  • No known environmental or floodplain constraints, and a preliminary site inspection has been completed.
  • Owned free and clear, with no existing liens or encumbrances.
  • Rectangular-shaped tract with approximately 150 feet of street frontage along Palmyra Street, offering strong visibility and efficient site layout.

Contacts

Adam Olsen, CCIM

The Commercial Professionals

Location

Located at 245 Palmyra St, Houston, TX 77022, this property is part of the Northside - Northline neighborhood and Houston market.

Contact Listing Broker
Adam Olsen, CCIM

The Commercial Professionals

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.