0 Grand Mission Blvd Richmond, TX 77407
This exceptional 21.6-acre commercial/industrial land parcel presents a remarkable development opportunity in Richmond, Texas. Located on Grand Mission Blvd and Beechnut Road in Fort Bend County, this fee-simple property boasts 973 feet of frontage on Grand Mission Blvd and 817 feet on Beechnut Road, ensuring high visibility and accessibility. The site, zoned for commercial use, is situated in a rapidly growing area between FM 1093 and Aliana, near Highway 99, experiencing a daily traffic count exceeding 31,000 vehicles. All utilities are readily available, and the land is largely cleared and rough-graded, ready for immediate development. This property offers unparalleled potential for a variety of commercial uses, including a power center retail development. The asking price is $21,900,000, translating to $23.57 per square foot. While the 1.4-acre hard corner is excluded, and multifamily development is restricted per the seller, this remains a highly desirable location with convenient access to the West Houston Business District, Gallery, Meyerland via the Westpark Tollway, and Katy, Sugar Land, and Richmond/Rosenberg via the Grand Parkway/Highway 99. The property is part of FBC MUD 30 and is directly across from a new sports facility and retail development. This is a rare opportunity to capitalize on the area's burgeoning growth and establish a significant commercial presence in Fort Bend County. The APN is 0108000000200907.
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.