ACQUISITION CASE STUDYOFFER ACCEPTED
2120 Louisiana Street, Midtown Houston
8,125 SF LAND · HCAD #0152370000004 · CHAPTER 26 & 42 MBPA EXEMPT
Original Asking Price:$975,000
The Legacy Group Anchor Bid:$745,000
Accepted Settlement Price:$780,000 – $800,000
Capitalized on the scheduled TxDOT NHHIP Segment 3 Pierce Elevated removal and City of Houston Chapter 26 Market-Based Parking Area (MBPA) and Chapter 42 urban infill exemptions, enabling 100% building footprint utilization for high-density commercial hospitality redevelopment. Preliminary Phase I ESA documentation and municipal utility capacity certificates verified.
Site Architecture & Statutory Diligence
| Metric / Due Diligence Attribute | Verified Value |
|---|
| Gross Parcel Area | 8,125 SF (0.1865 Acres) |
| Harris County Appraisal District ID | HCAD #0152370000004 |
| Municipal Ordinance Exemptions | City of Houston Chapter 26 MBPA & Chapter 42 Infill |
| Infrastructure Corridors | TxDOT NHHIP Segment 3 Pierce Elevated Removal Corridor |
| Environmental Site Assessment (ESA) | Phase I ESA Verified · Zero Recognized Environmental Conditions |
| Utility & Capacity Approvals | City of Houston Municipal Water & Sanitary Capacity Approved |
- Boundary Survey & HCAD Parcel Plat (#0152370000004)CLEAR
- Chapter 26 Market-Based Parking Area Regulatory Verification100% EXEMPT
- TxDOT NHHIP Segment 3 Elevated Highway Removal Pro-Forma ImpactACTIVE
- Preliminary Phase I Environmental Site Assessment (ESA)NO RECs
- City of Houston Public Works Utility Verification LetterVERIFIED
DIRECT COMMERCIAL DESKNeed Immediate Site or Lease Guidance?
Speak directly with Thomas Trevino or Dr. Charles Lehnhoff regarding active industrial warehouses, retail pad sites, or off-market development tracts across Harris, Galveston, and Brazoria Counties.