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    10 Acres On Spencer Hwy La Porte, TX 77571

    Sponsored
    For Sale
    $3,294,000

    High-density residential land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10-acre commercial and residential land parcel presents a remarkable investment opportunity in La Porte, Texas. Located on Spencer Highway, this property boasts 490 feet of highway frontage, ensuring high visibility and accessibility. The R-3 zoning allows for high-density residential development, making it ideal for multifamily projects. With over 17,000 cars passing daily, this location offers unparalleled exposure. The property's dimensions are well-suited for large-scale development, and its proximity to San Jacinto College and the Houston Area Safety Council adds to its appeal. Furthermore, its advantageous location near the Beezer Homes Morgan's Landing master-planned community and convenient access to Highway 146 and the intersection of Spencer Highway and Bay Area Boulevard provide excellent connectivity. The asking price is $3,294,000. This prime piece of land in Harris County, Texas, zip code 77571, presents a unique chance to capitalize on the growing La Porte market. Detailed surveys and site plans are available upon request. Don't miss this chance to acquire a significant tract of land with exceptional development potential.

    Property Features for 10 Acres On Spencer Hwy

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10 Acres (per HCAD)
    • 17,000+ Cars Per Day (CPD) on Spencer Hwy
    • Excellent Multifamily Development Site
    • 490' of Frontage on Spencer Highway
    • R‑3 High‑Density Residential Zoning
    • Near San Jacinto College and Houston Area Safety Council
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    La Porte
    County
    Harris
    State
    Texas
    Longitude
    -95.056139
    Latitude
    29.666306

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    FAQs

    What type of property is this?
    Land - High-density residential land, prime location.
    Where is this land located?
    The property is located at 10 Acres On Spencer Hwy La Porte, TX.
    What is the asking price?
    The asking price for this property is $3,294,000.
    What are key features of this property?
    This property features: 10 Acres (per HCAD); 17,000+ Cars Per Day (CPD) on Spencer Hwy; Excellent Multifamily Development Site
    Request Owner's contact information
    10 Acres On 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
    10 Acres On Spencer Hwy La Porte, TX 77571
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