Unpriced
NEQ I-45 and Pine Shadows Drive
Details
APN 34333
Property Type Land
Sub Type Residential
Tenancy Vacant
Acreage 9.950
Zoning High Density Residential and I-45 Overlay District
Investment Type Redevelopment
Land | 9.95 acres
Marketing description
Entitled Development Site with Utility Capacity Secured. Located at the northeast quadrant of I-45 and Pine Shadows Drive in Huntsville, Texas, adjacent to Sam Houston State University. This property is ideally located on I-45 with excellent highway visibility and signage, without the freeway noise issues. With the new Pine Shadows Drive extension, the site offers 3-5 minute access to Sam Houston State University and 3 minutes to all major new retail and commercial west of I-45.
Investment highlights
- Executed development agreement
- Confirmed water/sewer capacity
- No off-site infrastructure exposure
- Defined road requirements
- Clear entitlement path
- Pathway to additional density through adjacent parcels
- Willing to seller finance a portion of the transaction
- Open to JV structures and contributing some/all land value into the deal
- City has agreed to fund all of the Pine Shadows dr. road and drainage construction costs
- Pre-approval for the site as a multifamily development
- Water and sewer capacity for high density development confirmed
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