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FM 518 East 16.66 Acres of Industrial Land in Kemah, TX 77565
Investment Highlights
- No Zoning Restrictions
- Premium visibility
- Low Tax Rates
- Versatile Development Options
Executive Summary
A prior buyer completed a full due diligence package before exiting. That work is available to qualified buyers through the listing broker.
DUE DILIGENCE — SUBSTANTIALLY COMPLETE
Phase I Environmental Site Assessment — clean
Geotechnical Engineering Report
Floodplain Due Diligence Memorandum
City of Kemah Variance Approvals (Floodplain and Site Plan Related)
All reports available to qualified buyers through listing broker
THE OFFERING
16.66 AC total contiguous assemblage
Tract 1: 13.3 AC — available through LanCarte Commercial (this listing)
Tracts 2 & 3: 3.31 AC — available through separate broker (available with this listing)
Two direct points of access from FM 518
No zoning | Galveston County ETJ
Raw land | No existing structures
City of Kemah tax rate: $0.01695
Clear Creek ISD — ranked in Top 4% in Texas
HIGHEST AND BEST USE PROFILE
Industrial Outdoor Storage (IOS)
Boat, RV & recreational vehicle storage
Truck parking & fleet staging
Contractor yards & equipment laydown
Flex warehouse & light industrial
Commercial pad sites, retail, multifamily & mixed-use
LOCATION & ACCESS
2 minutes to Hwy 146 — $220M reconstruction completed early 2024 (6 to 12 lanes)
Less than 10 miles to Hwy 225
~12 miles to Beltway 8 / Hwy 225 junction
Port Houston Barbours Cut & Bayport Container Terminals nearby
Adjacent to Kemah Boardwalk (4M+ annual visitors)
Minutes from NASA/Space Center Houston, South Shore Harbour & Clear Lake
Major retail corridor: Walmart FM 518, Target Clear Lake, HEB, Kroger, Baybrook Mall, Home Depot, Topgolf & Hilton all within close proximity
30 minutes from Downtown Houston | 30 minutes from Galveston
DEMOGRAPHICS (5-Mile Radius)
Average Household Income: $136,000
Median Household Income: $103,000
Median Home Price: $351,000
Projected Population: 102,000 by 2029 | 8.9% growth rate
DUE DILIGENCE — SUBSTANTIALLY COMPLETE
Phase I Environmental Site Assessment — clean
Geotechnical Engineering Report
Floodplain Due Diligence Memorandum
City of Kemah Variance Approvals
All reports available to qualified buyers through listing broker
DEAL STRUCTURE
Parcels available individually or combined
Full assemblage coordination available through listing agent
Seller financing considered
Joint venture structures considered
All reasonable offers welcome
Property Facts
1 Lot Available
Lot
| Lot Size | 16.66 AC |
| Lot Size | 16.66 AC |
16.66 AC un-zoned infill assemblage | NEC FM 518 & Lawrence Rd | Kemah, TX | No zoning | Raw land | 2 min to Hwy 146 | Full DD package available | IOS, industrial, MF, mixed-use
Description
PROPERTY DESCRIPTION: LanCarte Commercial Real Estate presents a rare large-format infill opportunity at the northeast corner of FM 518 and Lawrence Road in Kemah, Texas — one of the most strategically positioned and accessible development sites available in the Houston Bay Area submarket today. THE SITE 13.35 acres total | Two parcels available individually or combined Parcel 1: 7.70 AC | Parcel 2: 5.65 AC Additional ±2.12 AC available between parcels through separate broker — total contiguous assemblage potential of 16.67 AC (contact agent for details) Two direct points of access from FM 518 No zoning | Galveston County ETJ Raw land | No existing structures Low tax rate jurisdiction | City of Kemah: $0.01695 USE PROFILE Industrial Outside Storage (IOS) Outdoor, covered & climate-controlled storage (boat, RV, recreational) Truck parking & fleet staging Contractor yards & equipment laydown Flex warehouse & light industrial Commercial pad sites, retail, multifamily & mixed-use development LOCATION & ACCESS Less than 2 minutes to Hwy 146 following its completed $220M expansion (6 to 12 lanes | new 12,600 LF bypass bridge | completed early 2024) Less than 10 miles to Hwy 225 ~12 miles to Beltway 8 / Hwy 225 junction Close proximity to Port Houston Barbours Cut & Bayport Container Terminals Adjacent to Kemah Boardwalk (4M+ annual visitors) Minutes from NASA/Space Center Houston, South Shore Harbour & Clear Lake Walmart FM 518 (4.8M visitors), Target Clear Lake (4.4M visitors), HEB, Kroger, Baybrook Mall, Methodist, HCA Healthcare, Home Depot, Topgolf & Hilton all within close proximity 30 minutes from Downtown Houston | 30 minutes from Galveston DEMOGRAPHICS (5-Mile Radius) Average Household Income: $136,000 Median Household Income: $103,000 Median Home Price: $351,000 Projected Population: 102,000 by 2029 | 8.9% growth rate DUE DILIGENCE — SUBSTANTIALLY COMPLETE Phase I Environmental Site Assessment — clean Geotechnical Engineering Report Floodplain Due Diligence Memorandum City of Kemah Variance Approvals All reports available to qualified buyers through listing broker DEAL STRUCTURE Parcels available individually or combined Seller financing considered Joint venture structures considered All reasonable offers welcome All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. Buyers are responsible for independently verifying all information including utility availability, flood zone status, acreage, and site conditions.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,132,130 | Total Assessment | $1,132,130 |
Property Taxes
Presented by
FM 518 East
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