±3.22 Acre Development Opportunity in Houston
SW E Sam Houston Parkway and Karissa Ct, Houston, TX
Marketing description
±3.22 Acre Development Opportunity | Beltway 8 Frontage | Northeast Houston, TX
Rare development site positioned directly along Beltway 8 (E Sam Houston Pkwy) in one of Houston's fastest-growing corridors. This ±3.22-acre parcel offers exceptional visibility and access in a high-activity node surrounded by national retailers, logistics demand drivers, and a rapidly expanding residential base.
Site Highlights:
- Direct Beltway 8 frontage with proximity to Hwy 90
- On-site detention | Utilities via HC MUD 285
- Located in the 500-year floodplain
- Tax rate: 2.66% | Zoned to Sheldon ISD
Explosive Growth Market: The immediate 1-mile trade area projects 15% population growth over the next 5 years, with an average household income of $84,776 and median home values of $235,603.
Surrounded by Demand Drivers: New Forest Crossing (Lowe's, Ross, PetSmart, Bank of America), The Shops at Stone Park (Best Buy, JCPenney, Marshalls, Chipotle), Chewy Distribution Center, and the forthcoming North Point 90 Logistics Center — over 2.5M SF of industrial space on 190 acres.
Major Employment Proximity: Generation Park (12,000 employees), Port of Houston (13.5 mi), Houston CBD (16.6 mi).
A ±5.7-acre parcel is also available adjacent to this site. Call for pricing.
Investment highlights
Irreplaceable Beltway 8 Frontage Direct frontage on the East Sam Houston Parkway (Beltway 8), one of Houston's primary loop thoroughfares, providing unmatched visibility and accessibility for a wide range of commercial development uses.
High-Growth Submarket The immediate 1-mile trade area is projected to grow 15% over the next five years — nearly 4x the rate of the broader 3- and 5-mile rings — signaling strong near-term demand for retail, dining, and service-oriented development.
Affluent & Expanding Consumer Base Average household incomes reach $88,122 within 3 miles, supported by a combined population of nearly 170,000 residents within 5 miles and a median owner-occupied home value of $235,603.
Established Retail Ecosystem Situated adjacent to two major retail centers — New Forest Crossing and The Shops at Stone Park — anchored by Lowe's, Ross, Best Buy, JCPenney, Marshalls, Chipotle, Chick-fil-A, Olive Garden, and more, providing immediate co-tenancy benefits and proven consumer traffic.
Major Industrial & Employment Tailwinds The North Point 90 Logistics Center (2.5M+ SF on 190 acres) is under development nearby, alongside the Chewy Distribution Center, driving significant daytime population and workforce housing demand in the corridor.
Proximity to Regional Economic Engines
- Generation Park — 12,000 employees, $6B Chevron Phillips Plant, $50B petrochemical construction underway (10.5 mi)
- Port of Houston — 13.5 miles
- Houston CBD — 16.6 miles
Flexible Acquisition Opportunity At ±3.22 acres, the site is right-sized for a single-user development. A contiguous ±5.7-acre parcel is also available through DMRE, offering a combined ±8.92-acre opportunity for larger-scale projects.
Investor-Friendly Infrastructure Utilities are in place through HC MUD 285, detention is handled on-site, and the site sits within the 500-year floodplain — reducing development risk and timeline uncertainty.
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