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1400 Blue Heron Pkwy
Baytown, TX 77521
Land For Sale
·
23.91 AC
Executive Summary
Zoned Mixed-Use Neighborhood (MUN), the property is ideally suited for a thoughtfully designed, pedestrian-oriented community featuring townhomes, build-to-rent, or multiplex housing. Set within one of the Houston metro’s fastest-growing submarkets, this site offers the rare opportunity to deliver a destination-style neighborhood that reflects Baytown’s long-term vision for integrated, high-quality development.
The Baytown multifamily market shows positive fundamentals despite short-term occupancy challenges. According to CoStar data, Baytown has an overall vacancy rate of 12.8%, with Class A properties performing better at 7.3% vacancy. Newer Class A properties are achieving rents of $1.55-$1.73 per square foot, demonstrating premium potential for quality developments.
Baytown’s multifamily market is projected to experience average rent growth of 3% annually between 2025 and 2027. This steady growth presents an opportunity to deliver a new product that can achieve premium rents in a market with limited incoming supply.
The Baytown multifamily market shows positive fundamentals despite short-term occupancy challenges. According to CoStar data, Baytown has an overall vacancy rate of 12.8%, with Class A properties performing better at 7.3% vacancy. Newer Class A properties are achieving rents of $1.55-$1.73 per square foot, demonstrating premium potential for quality developments.
Baytown’s multifamily market is projected to experience average rent growth of 3% annually between 2025 and 2027. This steady growth presents an opportunity to deliver a new product that can achieve premium rents in a market with limited incoming supply.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 23.91 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 23.91 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 23.91 AC |
| Lot Size | 23.91 AC |
Partners is proud to offer 1400 Blue Heron Parkway—a strategically located ±23.91-acre development site at the high-visibility intersection of Blue Heron Parkway and Barkaloo Road in Baytown, Texas.
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