& Peek Grand Pkwy Katy, TX 77449
- Land
- 53,283 SF
- 2.33 lot acres
Current Use by Public Records
- Land
Property Details for & Peek Grand Pkwy
- Lot size
- 2.33 lot acres
- Property size
- 53,283 SF
- Property type
- Land
Description
Exceptional investment opportunity: a ±2.33-acre commercial pad site ideally situated at the intersection of Grand Parkway and Peek Road in Katy, Texas (Harris County, zip code 77449). This prime location offers four buildable pads, ranging from 53,283 to 163,816 square feet, with a land value of $18 per square foot, totaling an asking price of $1,830,748.39. The property boasts direct access to Grand Parkway via curb cuts on both Peek Road and Morton Ranch Road, ensuring high visibility and convenient access for businesses. Its strategic location places it directly across from established shopping centers anchored by Walmart Supercenter and Kroger Marketplace, guaranteeing significant foot traffic and consumer accessibility. The site benefits from access to both north and southbound Grand Parkway feeders, enhancing connectivity and accessibility. Furthermore, the intersection of Grand Parkway and Morton Ranch Road is planned as a Texas turnaround, further improving traffic flow and visibility. The property is surrounded by new residential developments in a prosperous area west of Houston, providing a strong customer base. The site is located within the Katy Independent School District (Katy ISD) and MUD 287. Note that the property is situated in a 500-year floodplain. The 2023 tax rate is 2.694. This property presents a rare opportunity to establish a thriving commercial presence in a rapidly growing and affluent community. No zoning is currently permitted.
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
- Katy
- County
- Harris
- State
- Texas
- Longitude
- -95.7722
- Latitude
- 29.8215
