Overview
Richmond Land Development Opportunity
This commercial land development opportunity is located directly on the SH-99 Grand Parkway Expansion Project, SH-59/69 at Crabb River Rd in Richmond, TX. The land consists of two parcels totaling 47.9509 acres, bisected by the SH-99 Grand Parkway Project (13.91 acres). Approximately 7.25 acres will remain in the northeast section along Crabb River Road, with approximately 26.3 acres in the rear southwest section. The middle section, approximately 13.91 acres, is earmarked for the SH-99 Grand Parkway Expansion Project. The property is suitable for a wide variety of 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 facility, retail strip centers, professional business park, senior care-assisted living (ALF) 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, commercial plaza, commercial marketplace, and commercial portfolio. Currently used for agricultural purposes, the property has been rough-grade cleared and has well water. It features approximately 1,830' of frontage along FM 762/Crabb River Road and is 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. Southwest communities such as Richmond, TX, are prime development opportunities and poised for growth, not far from downtown Houston and the Medical Center. The property is close to the Memorial Hermann Sugar Land Hospital, Costco, The Home Depot, and Walmart Supercenter. There are multitude of new construction commercial and residential development projects planned and ongoing throughout the area.