31.62 AC Assemblage Land Development Opportunity
Waterfront Land Development Opportunity | 31.62 Acres | 1,000 ft of Bayou Frontage | BTR or Subdivis
Marketing description
Discover a prime 31.62-acre land development assemblage in Hitchcock, TX, presenting an exceptional Build-to-Rent (BTR) or small-lot subdivision opportunity. This unique property boasts approximately 1,000 feet of frontage along Highland Bayou, offering a premium waterfront amenity for a future residential community.
Strategically located just 10 minutes from I-45 and 25 minutes from Galveston Island, the site is surrounded by established retail, major employers like Dow Chemical, and demonstrates strong market absorption. The assemblage is comprised of two parcels (22 AC + 10 AC), allowing for efficient detention pond planning and infrastructure economies of scale.
With public water and sewer connections available and electric utilities nearby, the path to development is streamlined. A conservative feasibility study accounting for 30% detention indicates a potential yield of 90-130 residential units. Positioned as a lakefront BTR community, this investment is poised to deliver superior returns, capitalizing on the high demand for rental properties in the growing Galveston County area.
Investment highlights
Prime Waterfront Location: Features ~1,000 feet of frontage along Highland Bayou, a significant premium amenity for a future residential community.
Strong Development Potential: The 31.62-acre assemblage can support 90-130 residential units, ideal for a Build-to-Rent (BTR) community or a small-lot subdivision, with proven absorption in the area.
Strategic Land Configuration: The combination of a 22-acre parcel with a 10-acre parcel allows for highly efficient detention planning and optimized infrastructure layout, reducing development costs.
Excellent Accessibility & Proximity: Located just 10 minutes from I-45, 25 minutes from Galveston Island, and within easy reach of major employers, retail hubs (HEB, Walmart, Buc-ee's), and airports.
Favorable Development Basics: The property benefits from Terrebonne Rd frontage, public water and sewer connection, and nearby electric utilities, facilitating a smoother development process.
Data-Driven Investment Strategy: The BTR model is specifically highlighted to deliver a stronger ROI compared to for-sale projects, effectively navigating the economics of the 100-year floodplain (Zone AE).
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