Lake Houston Pkwy Houston, TX 77339
- Land
- 0.50 lot acres
Current Use by Public Records
- Land
Property Details for 0 Lake Houston Pkwy
- Lot size
- 0.50 lot acres
- Property type
- Land
Description
This exceptional master-planned commercial development in Kingwood, Texas, presents a unique investment opportunity. Located at the prime corner of West Lake Houston Parkway and Mills Branch Drive – a soon-to-be four-way lighted intersection – this property offers lots ranging from 0.5 to 48 acres, with land prices from $6.95 to $25 per square foot. The site benefits from strong demographics, with over 2,200 homes within a one-mile radius, including the new Royal Brook village developed by Friendswood Development and the upcoming 440-lot Royal Pines residential development by Ashton Woods. This area is currently underserved in retail, multi-family, and medical sectors, presenting significant potential for growth. Infrastructure is well-prepared, with water/sewer capacity reserved with the City of Houston for up to 350 multi-family units and a Harris County Flood Control-approved drainage study. Utilities are readily available. The property's location within the sought-after Humble ISD school district further enhances its appeal for multi-family developments. This rapidly growing corridor offers a compelling opportunity for businesses to capitalize on a thriving market with no new multi-family sites built within a two-mile radius in the last decade. A 7-Eleven is already operating within the development.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.1902
- Latitude
- 30.0841
