Current Use by Public Records
- Life science properties
Property Details for 99 Commercial Reserve 1
- Lot size
- 37.70 lot acres
- Property type
- Life science properties
- Property subtype
- Mixed-use properties
Description
This exceptional 37.695-acre tract is situated at the southwest corner of the Grand Parkway and CR 53 in Rosharon, Texas (zip code 77583), offering a unique investment opportunity. The property is part of a future proposed commercial reserve, ideally positioned at a planned entrance to a master-planned community encompassing over 700 acres and featuring 1,700+ homes. It's also adjacent to another proposed master-planned community by Hines, spanning approximately 954 acres and including over 2,100 homes. A development agreement ensures seamless infrastructure integration, including access to public water, sewer, and drainage, along with cross-access easements. The property boasts 870 feet of frontage on CR 53, with frontage on Grand Parkway yet to be determined. Significant road improvements are planned in the area, including widening of FM 521 and SH 288, and the progression of segments B&C of the Grand Parkway. CR 53 is also slated for widening, becoming a key connector between FM 521 and SH 288. A potential on/off ramp for CR 53 on the Grand Parkway is highly probable. Importantly, the property is outside the floodplain, according to FEMA maps. The seller is willing to divide the property. This prime location and strategic infrastructure improvements make this a compelling investment for R&D and mixed-use development. The property is classified as Multifamily, Industrial, and Mixed Use, with a specific subtype of R&D.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rosharon
- County
- Rosharon
- State
- Texas
- Longitude
- -95.4603
- Latitude
- 29.3523
