$7,192,332
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19.31 Acres Lot
SOLD DATE : 03/20/2024
Key Details
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision H T & B R R
MLS Listing ID 17677018
Tax Year 2021
Lot Size 19.311 Acres
Property Description
Cleared 19.3+ Acres Wrap by SW Corner of Magnolia Pkwy/CR 59 & Manvel Rd/FM 1128 w/road frontage on both (~2400 ft on Magnolia Pkwy & ~430 ft on FM 1128). All city utilities. Wraps around 7-11 at the traffic light corner. Zoned General Commercial. Seller has had initial workshops w/the City regarding a Planned Development (PD) for a mixed-use of retail & multifamily. Seller will work w/Buyer to get the Planned Development (PD) done. There are currently no other locations in the area where multifamily can be built in Pearland so the barriers to entry are strong. Property lies 3.5 miles E. of SH 288, 3.3 miles W. of SH 35, 6 miles N. of SH 6, 1 mile S. of FM 518, 15 miles S. of the TX Medical Center & 18 miles S. of Downtown. Projected population within 3 miles is 84,483 in 26,719 Households in 2023 representing a 13.42% 5-year growth from 2018 to 2023. Site will require detention which has had initial engineering done by the Seller. This is one of the last major tracts left in the area.
Location
State TX
County Brazoria
Area Pearland
Building
Lot Description Cleared, Other
Sewer Public Sewer
Water Public Water
New Construction No
Schools
Elementary Schools Massey Ranch Elementary School
Middle Schools Pearland Junior High South
High Schools Glenda Dawson High School
School District 42 - Pearland
Others
Acceptable Financing Cash Sale, Conventional
Listing Terms Cash Sale, Conventional
Special Listing Condition Other Disclosures
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Bought with Non-MLS
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