Value is in the land - existing structure is likely a tear down. Motivated Seller. Property is located in an opportunity zone on a high growth corridor, great long term hold with potential to rezone - buyer to verify. With immediate access to MLK Jr. Blvd, a major thoroughfare, you'll find easy access to Downtown/Central Business District, the medical center, the new Moody Center / UT Campus, and more! The property is directly across from the J.J. Seabrook Greenbelt which provides a view, a place for leisure and some separation from neighbors. Within walking distance to Mueller providing access to many entertainment and shopping needs. Special corner lot poised for a great development! Optionality abounds with the potential to keep the existing structure and build an ADU, or tear down the current bungalow and build a duplex like you'll see on the adjacent property on Pershing. New construction single family in this neighborhood is also selling for $2m+. Current market rent for the existing home is roughly $2400/month while you wait for permits. Buyer to verify development due diligence!