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    OFF-MARKET
    Land

    3 State Hwy, Webster, TX 77598

    4.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    This ±4.4-acre commercial and industrial land parcel presents a remarkable development opportunity in Webster, Texas. Strategically located on Highway 3 and Medical Center Boulevard, this vacant tract boasts exceptional visibility and accessibility. The property offers approximately 1550 feet of frontage on Highway 3 (Galveston Road) and approximately 150 feet of frontage on E Commerce Avenue, providing ample space for a variety of commercial ventures. With no restrictions on the land and utilities readily available through the Clear Lake City Water Authority, development is streamlined. High traffic counts are a significant advantage, with approximately 26,440 vehicles per day on Highway 3 and approximately 12,523 vehicles per day on Medical Center Boulevard. The property is zoned C-3, allowing for a wide range of commercial uses. The asking price is $2,000,000, and the property is open to both sale and ground lease options. Located in the Clear Lake ISD school district, this site offers a compelling combination of location, accessibility, and zoning potential for investors seeking a high-impact commercial development project. Access is provided via a private road from East Medical Center Boulevard, with secondary access available on East Commerce Avenue.

    Property profile
    Verified
    Property type Land
    Lot 4.4 ac (191,664 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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