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1401 Blue Heron Pky 13.34 Acres of Commercial Land in Baytown, TX 77521
Executive Summary
Zoned Mixed Residential (MR), the property supports a range of housing types including townhomes, build-to-rent, and other medium-density formats, with allowable densities typically ranging from 8 to 15 dwelling units per acre. Located within the city’s high-density residential future land use zone, this site is primed for a thoughtfully planned neighborhood that delivers attainable housing on small- to medium-sized lots—aligned with Baytown’s vision for compact, vibrant, and connected residential communities.
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.
The average asking rent in Baytown are forecasted to grow an average 3% annually between 2025 and 2027. This represents an opportunity to develop a product that can command premium rents in a market with limited new 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.
The average asking rent in Baytown are forecasted to grow an average 3% annually between 2025 and 2027. This represents an opportunity to develop a product that can command premium rents in a market with limited new supply.
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- Offering Memorandum
Property Facts
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 13.34 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | Parcel Number | 0280640030046 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 13.34 AC |
| Opportunity Zone |
Yes |
| Parcel Number | 0280640030046 |
1 Lot Available
Lot
| Lot Size | 13.34 AC |
| Lot Size | 13.34 AC |
Partners is proud to offer 1401 Blue Heron Parkway—a ±13.34-acre residential development opportunity ideally positioned in one of Baytown’s most active growth corridors.
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1401 Blue Heron Pky
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