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6600 Fm 762 - SH-99 Grand Pkwy: Crabb River Rd/Fm 762

47.95 Acres of Commercial Land Offered at $12,000,000 in Richmond, TX 77469

INVESTMENT HIGHLIGHTS

  • Commercial Land Development Opportunity located directly on the SH-99 Grand Parkway Expansion Project, SH-59/69 at Crabb River Rd in Richmond, TX.
  • Front +/-7.25 acres NE section along Crabb River Road; Middle section of +/-13.91 acres SH-99 Grand Pkwy Expansion Project; Rear SW section +/-26.3 ac
  • Close to the Memorial Hermann Sugar Land Hospital, Costco, The Home Depot, Walmart Supercenter, George Ranch High School, and more.
  • The land consists of 2-parcels, 47.9509 acres total, being split by the SH-99 Grand Pkwy Project (13.91 acres).
  • Approximately 1,830' of frontage along FM 762/Crabb River Road and outside of the Flood Zone (Zone X).
  • Multitude of new construction Commercial & Residential Development Projects throughout the area make this property an outstanding RE investment!

EXECUTIVE SUMMARY

Commercial Land Development Opportunity located directly on the SH-99 Grand Parkway Expansion Project, SH-59/69 at Crabb River Rd in Richmond, TX. The land consists of 2-parcels, 47.9509 acres total, being split by the SH-99 Grand Pkwy Project (13.91 acres). In the front of the property, approximately +/-7.25 acres will remain in the northeast section along Crabb River Road; the middle section will consist of +/-13.91 acres earmarked for the SH-99 Grand Parkway Expansion Project; the rear southwest section will consist of +/-26.3 acres (see attached maps provided by TxDOT- "Parcel 42- ROW needed for the Grand Parkway").
This Build-to-Suit property is well suited for a wide variety of potential uses including a Medical Center, Medical/Retail, Medical Offices, Medical Condo Units, Health Care Buildings, Office Condo Units, Co-Working Offices, Luxury Offices, Retail Buildings, Hotel Developments, Flex Buildings, Sports Facility, Retail Strip Centers, Professional Business Park, Senior Care- Assisted Living (ALF) Developments, Industrial Buildings, Warehouses, Specialty Buildings, Apartment Buildings, Multi-Family Units, Mixed Uses, Gas Stations/C-Stores, Single-Family Developments, Condominium Developments, Townhome Developments, Luxury Developments, Commercial Plaza, Commercial Marketplace, Commercial Portfolio, and/or Other.
Currently used for Agricultural purposes, the property has already been rough-grade cleared and has well water. Approximately 1,830' of frontage along FM 762/Crabb River Road and outside of the Flood Zone (Zone X). Flyover roadway proposed for the SH-99 Grand Parkway Expansion Project in order to clear the railroad tracks. This design will allow for parking, retention basin, and access to both sides of the properties beneath the overpass. Not far from downtown Houston and the Medical Center, Southwest communities such as Richmond, TX, are prime development opportunities and poised for growth. Close to the Memorial Hermann Sugar Land Hospital, Costco, The Home Depot, Walmart Supercenter, and more. Multitude of new construction Commercial and Residential Development Projects planned and ongoing throughout the area make this property an outstanding real estate investment!

PROPERTY FACTS

Price $12,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Auto Dealership
  • Carwash
  • Community Center
  • Distribution
  • Fast Food
  • Hold For Development
  • Hold For Investment
  • Hospital
  • Hotel
  • Industrial Park
  • Master Planned Community
  • Medical
  • Neighborhood Center
  • Office Park
  • Outlet Center
  • Planned Unit Development
  • Retail Warehouse
  • Self Storage
  • Service Station
  • Single Family Development
  • Storefront, Retail or Office
  • Strip Center
  • Supermarket
  • Warehouse
Total Lot Size 47.95 AC
Cross Streets Fm 2759

1 LOT AVAILABLE

Lot 0049-00-00

Price $12,000,000
Price Per AC $250,260.69
Lot Size 47.95 AC

2 parcels, 47.9509 Acres Total, with 13.91 Acres being allocated towards the SH-99 Expansion Project & near the 59/69 Southwest Fwy. APN #'s: 0049-00-000-0451-901, 0049-00-000-0450-901.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0049-00-000-0450-901
  • 0049-00-000-0451-901
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$18,222

ZONING

Zoning Code Unrestricted
Unrestricted
  • Listing ID: 30353863

  • Date on Market: 12/13/2023

  • Last Updated:

  • Address: 6600 Fm 762, Richmond, TX 77469

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