Added: Jan 14Changed: Sep 17Last Checked: Sep 16 at 8:17PM
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Investment Insights
Based on property information with market context.
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.
Key Highlights
Directly on the SH‑99 Grand Parkway Expansion Project, offering high visibility and accessibility.
47.9509 total acres suitable for a wide variety of commercial and residential developments.
Located in Richmond, TX, a growing community near Houston and the Medical Center.
Property Analytics
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Current Use
Commercial land
Suggested Use
Top PickAuto Repair ShopGym & Fitness CenterLaw FirmDepartment Store
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
8
Businesses Nearby
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Business Placement
Demographics for 77469, TX
57,925
Population
22,854
Households
2.5
Avg Household Size
36
Median Age
40%
College-Educated
91%
High-School Grad
106.8 sq mi
ZIP Area
542
Density / Sq Mi
$101,546
Median Household Income
$49,299
Median Earnings
$1,675
Median Rent
$315,000
Median Home Value
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Commercial land - 47.95 acres suitable for various commercial developments in Richmond, TX.
Where is this commercial land located?
The property is located at 6600 FM 762 Richmond, TX.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Directly on the SH‑99 Grand Parkway Expansion Project, offering high visibility and accessibility.; 47.9509 total acres suitable for a wide variety of commercial and residential developments.; Located in Richmond, TX, a growing community near Houston and the Medical Center.
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New: 350 Mission StJust listed · $36/SF · 2 min ago