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1401 16th Street - Prime Development Opportunity
4.62 Acres of Commercial Land Offered at $5,000,000 in Huntsville, TX 77340
Investment Highlights
- Less than 10 minutes walking to Sam Houston State University
- Excellent road frontage for high visibility and accessibility
- Prime location in a growing college town
Executive Summary
and opportunity in one of Texas' fastest growing communities.
Huntsville is an ideal community, the home of Sam Houston and his namesake university. This property is adjacent to Sam
Houston State University, Sam Houston's homestead and in the center of the avenues of Huntsville, Texas.
Though Huntsville is a small market, successful developers have realized large opportunity. Upon significant investigation it is
believed that a surface parked, 4 level podium structure with approximately 250,000+ net rentable square feet, featuring a mix of
efficiency, one bedroom and two bedroom units will pencil.
B&B Properties along with Ted Trout architects, Berkadia Mortgage Banking, Access Property Management, and multi-family
general contractors have preliminarily ascertained the feasibility of concept.
Upon agreeing to the confidentiality agreement and qualification terms, a complete set of prior plans is available.
B&B Properties can provide market data, information on prior plans, current market, and feasibility
Property Facts
| Price | $5,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| Sale Conditions | Redevelopment Project | Total Lot Size | 4.62 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $5,000,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 4.62 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $5,000,000 | Lot Size | 4.62 AC |
| Price Per AC | $1,082,251 |
| Price | $5,000,000 |
| Price Per AC | $1,082,251 |
| Lot Size | 4.62 AC |
Description
This 4.62-acre prime property offers an incredible opportunity for developers and investors. Located just steps from Sam Houston State University, this expansive lot is perfectly situated for a variety of development projects. The property boasts excellent accessibility, making it ideal for development. Its proximity to the university ensures a steady demand for housing. With ample space and a competitive price, 1401 16th Street offers endless potential for growth and return on investment. Don’t miss out on this rare chance to acquire premium real estate in one of Huntsville’s most sought-after locations.
-
Ben Bius -
B & B Properties
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1401 16th Street - Prime Development Opportunity
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