SH-99 splitting 48 Acres: SWC 0 Fm 762 (Crabb River Rd) & Fm 2759, Richmond, TX Listing Details & Market Data

***The asking price of $15,500,000 is for the entire 47.89-acre 2-parcel(s). TxDOT is going to acquire roughly 18 acres, leaving a 12-acre tract on the northeast corner & an 18-acre tract on the southwest corner. Both sections can be purchased separately for $8.00/SF, or $6,272,640 for 18 acres & $4,181,760 for 12 acres.*** TxDOT is currently expanding SH-99 Grand Pkwy (see attached maps) & this property is proposed to be split by the project. High traffic, Developing area, poised for growth. Located off of the 59/69 Southwest Fwy next to Sugar Land in Richmond, TX, this 47.89-acre Commercial Land Development Opportunity on the SWC of Fm 762 (Crabb River Rd) & Fm 2759. Near the TX 99 Grand Pkwy project, perfect for Commercial Retail/Office/Mixed Use, Distribution Center, Multi-Family, Single-Family Homes, and/or Other. Consisting of 2 parcels (25.0864 acres & 22.8 acres), the property has already been rough-grade cleared & has updated frontage roads. Near the Memorial Herman Sugar Land Hospital, Costco, Buc-ee's, Tesla Supercharger, The Home Depot, Walmart Supercenter, Shopping Centers, established Restaurants, Parks, and more. Approximately 1,830' of frontage along FM 762 (Crabb River Road). Zone X, Outside Special Flood Hazard Zone Area (SFHA). Several other large parcels of land in the area are being sold and earmarked for development. Not far from downtown Houston and the Medical Center, southwest communities such as these are prime development opportunities. The price is negotiable depending on the area(s) included in the sale. Contact the Listing Agent for more information.