0 Spencer Hwy La Porte, TX 77571
This exceptional 3.17-acre commercial and industrial land parcel is strategically located on Spencer Highway in La Porte, Texas, offering significant development potential. Priced at $897,533.80 ($6.50/sq ft), this property boasts high visibility and density, making it ideal for retail or medical uses. The site is conveniently situated one mile west of Highway 146, and in close proximity to the future Grand Parkway, ensuring excellent accessibility. Adding to its appeal, La Porte Municipal Airport is only a quarter-mile away. This location benefits from its adjacency to Beazer Homes' Morgan's Landing development, a substantial residential community currently in lot delivery, projected to encompass 645 lots upon completion. Further enhancing the area's growth, a multi-family development is nearing completion at Bay Area Boulevard and Spencer Highway. The property is situated within a Tax Increment Reinvestment Zone (TIRZ), offering potential tax advantages. The APN is 0231300000061. This is a rare opportunity to acquire a prime commercial tract in a rapidly developing area of Harris County, Texas, zip code 77571.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.