Overview
Richmond Land Development Opportunity
This commercial land development opportunity is located directly on the SH-99 Grand Parkway Expansion Project at SH-59/69 and Crabb River Road in Richmond, Texas. The land consists of two parcels totaling 47.9509 acres, which are split by the SH-99 Grand Parkway Project, accounting for 13.91 acres. Approximately 7.25 acres are situated in the northeast section along Crabb River Road, with the rear southwest section comprising approximately 26.3 acres. The property, currently used for agricultural purposes, has been rough-grade cleared and features well water. It offers approximately 1,830 feet of frontage along FM 762/Crabb River Road and is located outside of the Flood Zone (Zone X). A flyover roadway is proposed for the SH-99 Grand Parkway Expansion Project to clear the railroad tracks, allowing for parking, a retention basin, and access to both sides of the properties beneath the overpass. The property is suitable for various 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 facilities, retail strip centers, a professional business park, senior care-assisted living 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, a commercial plaza, a commercial marketplace, and a commercial portfolio. The property is close to Memorial Hermann Sugar Land Hospital, Costco, The Home Depot, and Walmart Supercenter. Numerous new construction commercial and residential development projects are planned and ongoing throughout the area.