Current Use by Public Records
- Land
Property Details for 0 Fm 518 & Chelsea Ln
- Lot size
- 14.00 lot acres
- Property type
- Land
Description
This exceptional 14-acre commercial land parcel presents a unique investment opportunity in the thriving Friendswood, Texas market. Located at the southeast and southwest corners of FM 518 and Chelsea Lane, this property boasts high visibility and easy access to over 25,000 vehicles per day. The CSC Commercial Shopping Center zoning allows for a diverse range of uses, including retail, restaurants, offices, medical facilities, and banks. The site's strategic location offers significant advantages, with less than a quarter-mile proximity to major retailers like Walmart and Home Depot. A 118-unit senior living community is directly across the street, providing a built-in customer base. Adding to its appeal, the 14 acres are divisible by Chelsea Lane into two tracts: an 8.470-acre parcel at the southwest corner and a 5.538-acre parcel at the southeast corner, offering flexibility for developers. This allows for the creation of individual pad sites, catering to various business needs. The strong demographics of the area, with an average household income exceeding $120,238 within a three-mile radius, further enhance the investment potential. Utilities are available, and the owner is willing to facilitate the division of the land. This property benefits from its location within a rapidly growing retail area, drawing significant traffic from neighboring communities like Pearland and League City. This is a rare opportunity to acquire a highly desirable commercial land parcel in a prime location with exceptional growth potential.
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
- Friendswood
- County
- Galveston
- State
- Texas
- Longitude
- -95.2163
- Latitude
- 29.5399
