24920 Saddlespur Ln
Katy, TX 77494
Land For Sale · 3.77 AC

Saddlespur Lane is a ±3.77-acre engineered commercial development site located in the high-growth Katy submarket of Fort Bend County, one of the fastest-growing counties in Texas. Positioned near the I-10 corridor and surrounded by affluent master-planned communities, the site benefits from strong household incomes, discretionary spending power, and a well-established automotive and hobbyist culture. The highest and best use of the property is the development of a luxury garage condominium complex designed for antique and luxury vehicle storage, recreational “toy” storage (boats, RVs, specialty vehicles), and customizable private “man cave” units — a product type that has demonstrated strong absorption and limited supply in the corridor. The project has completed key entitlement and engineering milestones, including MUD rights, drainage design, and architectural planning, significantly reducing development risk and accelerating the path to vertical construction. While luxury garage condos represent the most logical and efficient development path, the site also presents a compelling opportunity for alternative uses such as office condominiums or small-bay industrial units consistent with area growth trends.
Prime High-Growth Location
Located in Katy / Fort Bend County — top-tier Houston MSA growth corridor
Strong household incomes and discretionary spending base
Proximity to master-planned residential communities
Established automotive and hobbyist buyer pool
Limited competitive specialty garage / flex condo inventory
De-Risked Development Position
MUD water rights established - utility pathway established
Drainage engineering reviewed and coordinated
Stormwater detention system designed
Accelerated Timeline to Vertical
Civil engineering substantially advanced
Site layout and building proposal available
Water rights coordination completed
Reduced pre-construction uncertainty
Improved lender confidence
Multiple Exit Strategies
Retail condominium sell-out
Phased development
Stabilized hold strategy
Bulk disposition to operator