1-Acre Development Opportunity | Hyper Growth Houston Suburb
Flexible Development Potential
Marketing description
Marcus and Millichap is pleased to offer qualified investors the opportunity to acquire a 1-acre development pad, ideal for ground lease or build-to-suit for a single or multi-tenant property.
The site is located in one of the fastest-growing communities in the Houston metropolitan area, roughly 20 miles south of downtown Houston. Adding to the growth of the immediate area, there are two new master-planned communities in development adjacent to the site. At build-out, there will be over 8,000 homes constructed between both communities. The site is located along Morris Ave/Highway 6, a busy thoroughfare that sees over 37,000 cars per day. Morris Ave/Highway 6 offers a direct connection to State Highway 288, a north-south highway that feeds directly into downtown Houston and other surrounding communities. The Houston metro is one of the most-populous metro areas in the country with more than 7.6 million residents. Over the next few years, the metro is expected to add roughly 456,000 new residents, resulting in the formation of approximately 170,000 households.
Investment highlights
- 1-Acre Development Land in a Fast-Growing Houston Suburb
- Ideal Development Pad for Ground Lease or Build-to-Suit for Single or Multiple Tenants
- Located in One of the Fastest-Growing Communities in the Houston MSA - Households and Population Projected to Increase Over 15% within 1-Mile by 2030
- Adjacent to Two Large Master-Planned Communities - Approximately 8,000 Single-Family Homes at Build-Out
- Average Household Income Exceeds $141,000 within a 5-Mile Radius
- Excellent Frontage Along Morris Ave/Highway 6 (Approximately 37,000 Cars per Day)
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