Current Use by Public Records
- Land
Property Details for 7707 Grand Pkwy
- Property type
- Land
Description
This exceptional 1.48-acre commercial land parcel presents a prime investment opportunity in the rapidly growing Richmond, Texas market. Strategically located on West Grand Parkway South, this site boasts exceptional visibility and convenient access, just 15 minutes from the Westpark Tollway. The lot is fully prepared for immediate development, with off-site detention and readily available utilities. Strong demographics support this location, featuring a five-mile radius with an average household income of $145,901 and a population exceeding 224,840. The area is experiencing significant population growth, further enhancing the investment potential. This site benefits from high traffic counts of nearly 50,000 vehicles per day and is surrounded by established businesses including Gallery Furniture, Regal Cinema, PNC Bank, Spring Creek Barbeque, Camden, and Members Choice. Its proximity to major master-planned communities like Long Meadow Farms (2,800 homes) and Fieldstone & Waterview Estates (2,800 homes) ensures a robust customer base. The asking price is $1,805,126.40, translating to $28 per square foot of land value. This property is ideal for end-users seeking a high-visibility location in a thriving community. The site's readiness for immediate construction makes it an attractive option for developers seeking a quick turnaround on their projects.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.7451
- Latitude
- 29.6658
