9001 Schiro Rd Hitchcock, TX 77563
This exceptional 1-acre waterfront lot in Hitchcock, Texas, presents a unique investment opportunity with unrestricted zoning, allowing for both commercial and residential development. Located at 9001 Schiro Rd, 77563, this property boasts over 120 feet of waterfront access to the deep-water Diversionary Canal, leading to West Galveston Bay. Enjoy breathtaking sunsets, excellent fishing, and convenient boating. The lot features an elevation of approximately 13 feet, mitigating flood risk. Its convenient location offers easy access to Hwy 2004 and Hwy 45, placing you near schools, shops, restaurants, and a mall. A nearby green space provides added tranquility. While the property is currently zoned for residential use, its unrestricted zoning opens possibilities for commercial ventures. Note that the construction of boat docks and waterfront structures requires permits from the USACE. Potential buyers are responsible for verifying all city and county building codes and permitting procedures. A current survey and environmental conditions report are available. A new, large gas station and convenience store is under construction next door, suggesting strong future growth in the area. The asking price is $299,000, with a land value of $6.40 per square foot. The APN is 4019-0000-0014-004. This property offers a rare blend of residential tranquility and commercial potential in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.