Property summary
This exceptional 2.16-acre pad site presents a prime commercial development opportunity in the thriving Katy, Texas market. Located at the southwest quadrant of the Grand Parkway and Morton Ranch Road, this property boasts 605 feet of frontage on the Grand Parkway Service Road, ensuring high visibility and accessibility. All utilities are readily available, with existing detention infrastructure in place, simplifying the development process. The site is situated in Flood Zone X, minimizing flood risk. Conveniently located adjacent to State Highway 99/Grand Parkway and First Park Drive, with an extension of First Park Drive planned for the near future, this location offers unparalleled connectivity. The property is within the extraterritorial jurisdiction (ETJ) of the City of Houston and is served by Municipal Utility District (MUD) 2. The 2022 tax rate was 2.28. Permitted use types include restaurants, financial institutions, medical/dental offices, and retail establishments, providing flexibility for a variety of development concepts. This property is offered for sale or ground lease
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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