Fm 529
Katy, TX 77493
628 Acres in Katy · Land For Sale · 628.00 AC

• This is a great land deal that going for $38,000,000. $18,000,000 down with owner financing of $20,000,000 at 5% for 5 years with a balloon • Payment at the end of the term. • Owner financing must be in 1st lien position. • 78 acres of frontage and commercial opportunity, which has a value if $15M-20M • The district has been paid for and is in place to provide all utilities to put in roads, sewer, streets, etc. and will be completed in January or February 2021 • District to reimburse and once lots are sold the net proceeds are $60M-$70M • Located at FM 529 and Morrison Road, across from Exxon. • There are 2 subdivisions being built across the street and on both sides of the property, • LGI track called Freeman Ranch. For more information call Kevin at (936) 718-1920.