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19305 Hwy 6 - 1-Acre Development Opportunity | Houston MSA 1 Acre of Commercial Land Offered at $500,000 in Manvel, TX 77578
Investment Highlights
- One-Acre Development Land in a Fast-Growing Houston Suburb
- Located in One of the Fastest-Growing Communities in the Houston MSA - Households and Population Projected to Increase Over 15 Percent within One Mile
- Average Household Income Exceeds $141,000 within a Five-Mile Radius
- Ideal Development Pad for Ground Lease or Build-to-Suit for Single or Multiple Tenants
- Adjacent to Two Large Master-Planned Communities - Approximately 8,000 Single-Family Homes at Build-Out
- Excellent Frontage Along Morris Ave/Highway 6 (Approximately 37,000 Cars per Day)
Executive Summary
Marcus and Millichap is pleased to offer qualified investors the opportunity to acquire a 1-acre development pad, ideal for ground lease or build-to-suit for a single or multi-tenant property.
The site is located in one of the fastest-growing communities in the Houston metropolitan area, roughly 20 miles south of downtown Houston. Adding to the growth of the immediate area, there are two new master-planned communities in development adjacent to the site. At build-out, there will be over 8,000 homes constructed between both communities. The site is located along Morris Ave/Highway 6, a busy thoroughfare that sees over 37,000 cars per day. Morris Ave/Highway 6 offers a direct connection to State Highway 288, a north-south highway that feeds directly into downtown Houston and other surrounding communities. The Houston metro is one of the most-populous metro areas in the country with more than 7.6 million residents. Over the next few years, the metro is expected to add roughly 456,000 new residents, resulting in the formation of approximately 170,000 households.
The site is located in one of the fastest-growing communities in the Houston metropolitan area, roughly 20 miles south of downtown Houston. Adding to the growth of the immediate area, there are two new master-planned communities in development adjacent to the site. At build-out, there will be over 8,000 homes constructed between both communities. The site is located along Morris Ave/Highway 6, a busy thoroughfare that sees over 37,000 cars per day. Morris Ave/Highway 6 offers a direct connection to State Highway 288, a north-south highway that feeds directly into downtown Houston and other surrounding communities. The Houston metro is one of the most-populous metro areas in the country with more than 7.6 million residents. Over the next few years, the metro is expected to add roughly 456,000 new residents, resulting in the formation of approximately 170,000 households.
Property Facts
| Price | $500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.00 AC |
| Property Type | Land | ||
| Zoning | Light Commercial | ||
| Price | $500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.00 AC |
| Zoning | Light Commercial |
1 Lot Available
Lot
| Price | $500,000 | Lot Size | 1.00 AC |
| Price Per AC | $500,000.00 |
| Price | $500,000 |
| Price Per AC | $500,000.00 |
| Lot Size | 1.00 AC |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 6398-0426-105 | Improvements Assessment | $0 |
| Land Assessment | $1,489,220 | Total Assessment | $1,489,220 |
Property Taxes
Parcel Number
6398-0426-105
Land Assessment
$1,489,220
Improvements Assessment
$0
Total Assessment
$1,489,220
Contacts
-
Brennan Clegg -
Mark Ruble -
Christopher Lind -
Zack House -
Timothy Speck -
Marcus & Millichap
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