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2324 E FM 1960 15.69 Acres of Commercial Land Offered at $3,750,000 in Humble, TX 77338

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INVESTMENT HIGHLIGHTS

  • FM 1960 being expanded to 6 lanes.
  • 600' of Frontage on FM 1960 with maximum exposure to high volume of traffic.

EXECUTIVE SUMMARY

Offered as cash sale only. [no 1031, no owner fi.]

PROPERTY FACTS

Price $3,750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Storefront, Retail or Residential
Total Lot Size 15.69 AC
Zoning none

1 LOT AVAILABLE

Lot

Price $3,750,000
Price Per AC $239,005.74
Lot Size 15.69 AC

15.69 acs [after TXDOT took off 40' from frontage for road expansion] 600+ff on FM1960. Ideal for retail along frontage, multi-family behind & retention in far rear portion. Previously on well & septic yet City of Houston has water meter onsite.

DESCRIPTION

EXCELLENT FUTURE EGRESS: TXDOT states a crossing is planned at this site with Moonshine Hill Rd. Access temporarily limited due FM 1960 road expansion. Use caution walking on site due high grass, Until driveway is reset, use culvert crossing at west end (on next property). Water main already relocated with 2 fire hydrants along North property line. Land continues as triangle +/-250' beyond back tree line. Gradual slope to north-northwest (towards FM 1960). Per HCFCD /HCAD Map (enclosed): mixed zone X, 500 yr & 100 yr floodplains, No Floodway ("creeks" on next properties east & west). Neighboring owner stated TXDOT condemned whole frontage tract to east of subject for flood control/ storm water retention. This would likely alter the subject's flood map as an added benefit. Recent "Phase One Environmental Inspection" Executive Summary enclosed.

  • Listing ID: 23133409

  • Date on Market: 5/19/2021

  • Last Updated:

  • Address: 2324 E FM 1960, Humble, TX 77338

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