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Richmond Development Tract on FM 359
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7519 FM359, Richmond, TX 77406

Large development tract in a rapidly growing residential corridor.

Property SizeContact for details
Days on Market177

Property Features for 7519 FM359

General Information

Standard status Active
Property subtype Land
Listing Agency: Prime Gain Realty LLC
Listed By: Saiabhiram Gogineni · License #TX 744333
Source: Crexi
Added: Feb 13 Changed: Aug 8 Last Checked: Jul 16 at 7:23AM

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 Prime Gain Realty LLC

Investment Insights

Based on property information with market context.

Located at 7519 FM 359 in Richmond, Texas, this property offers a substantial development opportunity within Fort Bend County's expanding residential area. The site benefits from direct frontage and visibility on FM 359, providing immediate access to Fulshear, Katy, and Richmond. The area's accelerating residential growth, expanding infrastructure, and proximity to master-planned communities are driving housing demand, increasing traffic, and long-term land appreciation. The property is suitable for single-family residential, townhome, mixed-use, or neighborhood commercial developments. The surrounding area experiences strong rooftop growth, supported by new subdivisions, nearby schools, and established roadway infrastructure. Adjacent parcels are transitioning to suburban residential and commercial uses, positioning the property within the path of growth. The land is generally level and contiguous, offering frontage and exposure along FM 359. The topography allows for efficient grading and site design, while the property's shape and size accommodate flexible planning configurations. Existing residential subdivisions and future development tracts surround the site, making it suitable for phased takedowns or strategic assemblage. The location adjacent to Huggins Elementary School, within the Fort Bend ISD or Lamar CISD service area, supports sustained residential demand. FM 359 provides convenient access to employment centers and surrounding communities, with proximity to FM 1093, the Westpark Tollway, and the Grand Parkway (SH-99). The area has a track record as a developer and builder market, supporting single-family lot products and phased lot takedowns. The property's location allows for multiple exit strategies, including finished lot sales, joint ventures, or long-term land banking. The tract allows for efficient internal circulation, multiple access points, and phased development pods. The size and configuration support residential densities and product types, including single-family neighborhoods, townhome clusters, or mixed-use components along FM 359.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Bakery Real Estate Agency Spa & Massage Center Storage Facility Gym & Fitness Center Arcade & Gaming Center

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

25
Businesses Nearby

Demographics for 77406, TX

58,703
Population
22,096
Households
2.7
Avg Household Size
37
Median Age
49%
College-Educated
95%
High-School Grad
57.6 sq mi
ZIP Area
1,019
Density / Sq Mi
$143,023
Median Household Income
$65,609
Median Earnings
$1,986
Median Rent
$383,400
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Land - Large development tract in a rapidly growing residential corridor.
Where is this land located?
The property is located at 7519 FM359 Richmond, TX.
What is the asking price?
The asking price for this property is $35,675,640.
More about this property
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