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    Spencer Hwy La Porte, TX 77571

    Sponsored
    For Sale
    $897,533

    Prime La Porte commercial land, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.17-acre commercial and industrial land parcel is strategically located on Spencer Highway in La Porte, Texas, offering significant development potential. Priced at $897,533.80 ($6.50/sq ft), this property boasts high visibility and density, making it ideal for retail or medical uses. The site is conveniently situated one mile west of Highway 146, and in close proximity to the future Grand Parkway, ensuring excellent accessibility. Adding to its appeal, La Porte Municipal Airport is only a quarter-mile away. This location benefits from its adjacency to Beazer Homes' Morgan's Landing development, a substantial residential community currently in lot delivery, projected to encompass 645 lots upon completion. Further enhancing the area's growth, a multi-family development is nearing completion at Bay Area Boulevard and Spencer Highway. The property is situated within a Tax Increment Reinvestment Zone (TIRZ), offering potential tax advantages. The APN is 0231300000061. This is a rare opportunity to acquire a prime commercial tract in a rapidly developing area of Harris County, Texas, zip code 77571.

    Property Features for 0 Spencer Hwy

    General Information

    Property type
    Land
    Lot Size
    138,085 SF

    HighLights

    • 3.17‑acre commercial/industrial land parcel in La Porte, TX.
    • Priced at $897,533.80 ($6.50/sq ft).
    • High visibility and density, ideal for retail or medical uses.
    • Excellent accessibility, one mile west of Hwy 146, near future Grand Parkway and La Porte Municipal Airport.
    • Adjacent to a large residential development (645 lots) and a new multi‑family project.
    • Located in a Tax Increment Reinvestment Zone (TIRZ).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    La Porte
    County
    Harris
    State
    Texas
    Longitude
    -95.049799420135
    Latitude
    29.664991832752

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    FAQs

    What type of property is this?
    Land - Prime La Porte commercial land, high visibility.
    Where is this land located?
    The property is located at Spencer Hwy La Porte, TX.
    What is the asking price?
    The asking price for this property is $897,533.
    What are key features of this property?
    This property features: 3.17-acre commercial/industrial land parcel in La Porte, TX.; Priced at $897,533.80 ($6.50/sq ft).; High visibility and density, ideal for retail or medical uses.
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    Spencer Hwy La Porte, TX 77571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Spencer Hwy La Porte, TX 77571
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