8701 Monticello Dr Texas City, TX 77591
- Land
- 4.69 lot acres
Current Use by Public Records
- Land
Property Details for 8701 Monticello Dr
- Lot size
- 4.69 lot acres
- Property type
- Land
- Property subtype
- High-rise multifamily apartments
Description
This exceptional 4.689-acre parcel of land presents a unique investment opportunity in Texas City, Texas. Located at 8701 Monticello Drive, this cleared and elevated site boasts convenient access to major thoroughfares, including the proximity to the intersection of the Gulf Freeway (Interstate 45) and Emmett F Lowry Expressway. Its strategic location places it near key amenities such as the College of the Mainland, Mainland Hospital, and the expansive Lago Mar master-planned community (2,033 acres developed by Land Tejas). The property is zoned for multi-family development, a highly desirable and rare zoning classification within Texas City and its surrounding areas. All utilities are readily available on-site, simplifying the development process. The asking price for this exceptional property is $864,000. This represents a significant opportunity for developers seeking to capitalize on the growing demand for multi-family housing in this thriving Texas City location. The property's size and zoning make it ideal for a substantial multi-family project. Given its location and zoning, this is a rare and highly sought-after development opportunity. Further details are available upon request.
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
- Texas City
- County
- Galveston
- State
- Texas
- Longitude
- -95.0086
- Latitude
- 29.3923
