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Improved Acres with Multiuse Building

24668 Hegar Springs Pkwy, Hockley, TX 77447

For Sale
$9,517,416
Pending

187+- acres with buildings, suitable for residential/commercial development.

Property Size14,875 SF
Lot Size187.00 Acres
Days on Market1291

Property Features for 24668 Hegar Springs Pkwy

General Information

Standard status Pending
Size 14,875 SF
Lot size 187.00 Acres
Property subtype Farm
Listing Agency: Summers Brokerage, PC
Listed By: Randy Summers · License TX #441839
Source: Exprealty
Added: May 2, 2023 Changed: Nov 10 Last Checked: Nov 12 at 8:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summers Brokerage, PC

Rey
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Investment Insights

Based on property information with market context.

This is a rare opportunity for residential or commercial developers or an owner-user. The property features 187 improved acres, with an additional 252 adjacent acres available. It includes central water, electricity, and roads throughout the property. A water treatment plant is adjacent to the property, and offsite detention is available. There is no floodplain and no major easements. Dirt work has been completed on approximately 40 acres for a proposed single-family development. A 14,875-square-foot multiuse building with 5,700 square feet of open porches and a large parking area is present on the property. Additional structures include a 1,400-square-foot caretaker's home with a two-car garage, a 7,000-square-foot storage facility, and a 2,115-square-foot office building. Multiple aerobic systems are in place. The property has over 3,000 feet of frontage on Hegar Springs Parkway, a proposed major thoroughfare. The land features a mix of pastures and mature trees, along with two ponds. There is a possible bullet train alignment on the western property line.

Key Highlights

  • 187+- improved acres with additional 252+- adjacent acres available for development
  • Very nice 14,875sf multiuse building with 5,700sf of open porches and large parking area
  • Central water, electric, and roads throughout the property; water treatment plant adjacent

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Travel Agency Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby

Demographics for 77447, TX

20,805
Population
7,903
Households
2.6
Avg Household Size
34
Median Age
26%
College-Educated
89%
High-School Grad
103.4 sq mi
ZIP Area
201
Density / Sq Mi
$111,932
Median Household Income
$53,443
Median Earnings
$1,594
Median Rent
$296,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in Harris County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - 187+- acres with buildings, suitable for residential/commercial development.
Where is this commercial land located?
The property is located at 24668 Hegar Springs Pkwy Hockley, TX.
What is the asking price?
The asking price for this property is $9,517,416.
What are key features of this property?
This property features: 187+- improved acres with additional 252+- adjacent acres available for development; Very nice **14,875sf multiuse building with 5,700sf of open porches** and large parking area; Central water, electric, and roads throughout the property; water treatment plant adjacent
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