Map of Property

Timber Trace Collection

1221 Cedar Post Lane, Houston, TX 77055

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 27,768 SF
  • Units 26
  • Lot Size 2.46 Acre
  • Year Built 1983
  • Year Renovated 2022
  • Date Updated Apr 21, 2024
Timber Trace Townhomes is strategically located in the heart of Spring Branch, directly adjacent to the Memorial Management District and Hedwig Village. The District composes of over 17 million square feet of commercial and industrial space, including major companies such as Memorial Herman, Microsoft, and many major companies. Spring Branch has experienced significant gentrification over the past few years due to the demand for high-priced family homes from the economic success of the Memorial Management District. Homes in the immediate area and adjacent subdivisions are selling in the million-dollar ranges. The expansion of Memorial district is growing and expanding eastward into the Spring Branch market. Timber Trace Townhomes has excellent access and commute times to major Houston's economic hub, such as the Galleria, Downtown, Energy Corridor, and Westchase District.LE Commercial is pleased to present the exclusive sale of Timber Trace Townhomes & Development. This is an excellent investment opportunity to acquire a stabilized townhouse community and benefit from rental growth throughout the upcoming years. Timber Trace Townhomes consists of 26 townhouses located in the Spring Branch West sub-market. Each townhouse is a two story, two bedroom, one & half bathroom, with patio, and each comes with appliances located in one of Houston's most high demand rental and sales submarket with growth that is projected to be the fastest submarket in Houston MSA. The subject property is effective rents are lower than the average Houston metropolitan asking rate, allowing an investor to increase the NOI by providing additional cash flow and property value growth from annual increasing rental rates. An investor has additional opportunity to redevelop new townhouses to sell or build-to-rent, and to benefit from gentrification through increased land value to boast to exceed over $100.00 per square feet as seen historically in Houston urban submarkets.

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Attachments

Highlights

  • • Rare Irreplaceable Asset Offering
  • • Below Market Value Opportunity on Replace Cost Valuation
  • • Prime Development Opportunity
  • • Urban Infill Area with Increasing Land Value in Immediate Area
  • (Sold Comps $60 Per Square Foot) with Houston's Urban Land Sold Comparables Ranging from $80-$125 Per Square Foot)
  • • Excellent Value Add Investment Opportunity & Irreplaceable Asset
  • • Significant Capital Expenditure into the Entire Community
  • • Subject Property is Location in the Heart of Houston's Prominent and Affluent Areas:
  • Memorial and Hedwig Village with Homes Selling in the $1 million to $20 million range
  • • Average Household Income to $134,238 - $310,600 (1 Mile - 3 Miles)

Contacts

broker

Francois Le

LE Commercial Real Estate

(281) 733-8877

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable

  • Transit Score ®

    36/100 Some Transit

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Houston, TX
  • Neighborhood Spring Branch West
  • Zip Code 77055
  • Market Houston

Points of Interest

  • Hermann Park/Rice U

    9.24 miles

  • Memorial Hermann Hospital/Houston Zoo

    9.27 miles

  • Dryden/TMC

    9.28 miles

  • Museum District (southbound)

    9.31 miles

  • Wheeler

    9.36 miles

  • Northline Transit Center/HCC

    9.36 miles

  • Museum District (northbound)

    9.37 miles

  • Lindale Park

    9.37 miles

  • Melbourne/North Lindale

    9.39 miles

  • Cavalcade

    9.41 miles

  • H-E-B Fuel

    0.59 miles

  • Phillips 66

    1.13 miles

  • Sam's Club

    1.80 miles

  • Shell

    1.91 miles

  • Shell

    2.26 miles

  • Bucky's

    2.29 miles

  • Shell

    2.39 miles

  • Exxon

    2.45 miles

  • Murphy USA

    2.49 miles

  • Chevron

    2.53 miles

  • Memorial City Mall Overflow Parking

    1.30 miles

  • Memorial City Plaza Parking Garage

    1.46 miles

  • Northwest Transit Center Parking

    4.27 miles

  • Omni Houston Hotel Parking Garage

    4.44 miles

  • Schlumberger Parking Garage

    4.71 miles

  • Shell Woodcreek Garage 1

    4.75 miles

  • Gessner Park and Ride

    4.90 miles

  • Hilcroft Park and Ride

    5.06 miles

  • Westchase Park and Ride

    5.57 miles

  • West Little York Park & Ride

    5.69 miles

  • Courtyard by Marriott Houston I-10 West/Memorial

    0.33 miles

  • Candlewood Suites

    2.05 miles

  • Palace Inn

    2.30 miles

  • Hotel Sorella

    2.34 miles

  • Residence Inn by Marriott Houston West/Beltway 8 at Clay Road

    3.26 miles

  • Home2 Suites by Hilton

    3.28 miles

  • Extended Stay America - Houston - Katy Frwy - Beltway 8

    3.33 miles

  • Scottish Inn

    3.57 miles

  • Crowne Plaza Houston Galleria Area, an IHG Hotel

    3.61 miles

  • La Quinta Inn & Suites by Wyndham Houston West at Clay Road

    3.61 miles

  • Sonic

    0.31 miles

  • Pho I-10

    0.36 miles

  • Wingstop

    0.36 miles

  • Korea Restaurent

    0.46 miles

  • Tree Garden

    0.51 miles

  • Seoul Garden

    0.55 miles

  • La Fiesta Restaurant & Cantina

    0.60 miles

  • Which Wich?

    0.66 miles

  • Panda Express

    0.66 miles

  • El Rey Taqueria

    0.68 miles

  • Woodview Elementary School

    0.50 miles

  • Memorial High School

    0.65 miles

  • Spring Branch School of Choice

    0.82 miles

  • Spring Branch Middle School

    0.83 miles

  • Spring Branch Education Center

    0.83 miles

  • Spring Branch High School

    0.85 miles

  • Saint Cecilias School

    0.88 miles

  • Saint Christopher School

    0.90 miles

  • Spring Branch Elementary School

    0.94 miles

  • Memorial Hall School

    0.98 miles

  • KinderCare Learning Center

    2.08 miles

  • Early Learning Campus of the Awty International School

    4.11 miles

  • Bonne Vie School

    5.77 miles

  • KinderCare

    6.05 miles

  • Laugh N' Discover

    6.41 miles

  • Westlake Child Development Center

    6.49 miles

  • The Kenworthy School

    6.74 miles

  • Peaceful Beginnings Montessori Academy

    6.80 miles

  • The Goddard School of Houston

    6.85 miles

  • Super Kids Academy

    6.90 miles

Frequently Asked Questions

What is the total square footage of Timber Trace Collection?

Timber Trace Collection totals 27,768 square feet.

When was this property built?

Timber Trace Collection was built in 1983.

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Contact Listing Broker

broker

Francois Le

LE Commercial Real Estate

(281) 733-8877