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24575 Termini San Luis Pass Rd

59.22 Acres of Residential Land Offered at $5,500,000 in Galveston, TX 77554

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Investment Highlights

Located near Pointe West Subdivision in Galveston, TX off St. Luis Pass Rd

Executive Summary

PARCEL ID 117446 DIRECTLY ACROSS THE STREET WITH 52.9920 ACRES EXTENDS FROM FM 3005 TO THE BAY SHORELINE. THE ADJACENT POINTE WEST LOT SALES APPROXIMATELY $8/SF. SALE PRICE OF $7.8 MILLION FOR SUBJECT PROPERTY IS $3.38/SF, OR $147,170 / ACRE. THIS IS A BULK LAND SALE FOR RESIDENTIAL DEVELOPMENT. MINIMUM LAND CONTRACT PROBABLY AROUND 20 ACRES BUT SUBJECT TO LAND OWNERS APPROVAL. LAND BANK FINANCING SHOULD BE AVAILABLE TO QUALIFIED BUYER. BOUNDARY LINES ON AERIAL PHOTOS ARE ESTIMATES. NO SURVEY.

Galveston - Brochure

Property Facts

Price	$5,500,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
No. Lots	1	Total Lot Size	59.22 AC

Price	$5,500,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	59.22 AC

1 Lot Available

Lot

Price	$5,500,000	Lot Size	59.22 AC
Price Per AC	$92,874

Price	$5,500,000
Price Per AC	$92,874
Lot Size	59.22 AC

SEE AERIAL PHOTOS. BEAUTIFUL LAND DEVELOPMENT OPPORTUNITY. PARCEL ID 303580 ON BEACHFRONT WITH 3.35 ACRES. SALE COMPS FOR INDIVIDUAL BEACH FRONT LOTS TOTALS $2.4 MILLION FOR 7 LOTS. THIS PORTION OF PROPERTY PRICED AT $1.2 MILLION.

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