Commercial Land Development Opportunity located directly on the SH-99 Grand Parkway Expansion Project, SH-59/69 at Crabb River Rd in Richmond, TX. The land consists of 2-parcels, 47.9509 acres total, being split by the SH-99 Grand Pkwy Project (13.91 acres). In the front of the property, approximately +/-7.25 acres will remain in the northeast section along Crabb River Road; the middle section will consist of +/-13.91 acres earmarked for the SH-99 Grand Parkway Expansion Project; the rear southwest section will consist of +/-26.3 acres (see attached maps provided by TxDOT- "Parcel 42- ROW needed for the Grand Parkway").
This Build-to-Suit property is well suited for a wide variety of potential uses including a Medical Center, Medical/Retail, Medical Offices, Medical Condo Units, Health Care Buildings, Office Condo Units, Co-Working Offices, Luxury Offices, Retail Buildings, Hotel Developments, Flex Buildings, Sports Facility, Retail Strip Centers, Professional Business Park, Senior Care- Assisted Living (ALF) Developments, Industrial Buildings, Warehouses, Specialty Buildings, Apartment Buildings, Multi-Family Units, Mixed Uses, Gas Stations/C-Stores, Single-Family Developments, Condominium Developments, Townhome Developments, Luxury Developments, Commercial Plaza, Commercial Marketplace, Commercial Portfolio, and/or Other.
Currently used for Agricultural purposes, the property has already been rough-grade cleared and has well water. Approximately 1,830' of frontage along FM 762/Crabb River Road and outside of the Flood Zone (Zone X). Flyover roadway proposed for the SH-99 Grand Parkway Expansion Project in order to clear the railroad tracks. This design will allow for parking, retention basin, and access to both sides of the properties beneath the overpass. Not far from downtown Houston and the Medical Center, Southwest communities such as Richmond, TX, are prime development opportunities and poised for growth. Close to the Memorial Hermann Sugar Land Hospital, Costco, The Home Depot, Walmart Supercenter, and more. Multitude of new construction Commercial and Residential Development Projects planned and ongoing throughout the area make this property an outstanding real estate investment!
Tim Larson
KW Commercial
