80 Acres will sell as all or part. Price depends on shape and size.
750-950 ft on N FM 362 near the intersection of Cameron Rd. Approximately 2 miles N of US 290.
The subject property is rectangular in shape. FM 362 is becoming a major artery that connects from the South, I-10 to US 290, then FM 1488 and on to the extreme North, State Hwy 105 near the new SH 105 and 249 Freeway (under construction).
It's within a mile of US 290 and the Waller High School. Just a quarter mile west of the subject property is the recently purchased 520+/- acres. This property was purchased by Wolff Development Company who will develop the 520+/- acres and has just spun off 200 acres to "Long Lake, LTD.", a residential developer. South of the subject property, south of 290 and west of FM 2920, 60+/- acres has been purchased by Gulf States Toyota for a dealership. The 60+/- acres sold for an excess of $1.90/sqft. This tract has visibility from US 290 but must be accessed from FM 2920, a side road. US 290 is nearing completion of its widening from the 610 Loop in Houston to FM 362, which has greatly opened up traffic to the Waller area. The Grand Parkway tollway is approximately 12 miles East of the subject property. This Tollway, when complete, will be a 180-mile loop around the city of Houston, connecting all freeways- North, South, East and West. This now allows ease access to and from Waller. Daikin, the world's largest air conditioning company, just recently opened at US 290 and Kickapoo Rd. It will employ more than 10,000+/- people. Daikin is 4 miles from the subject property. A major town center is planned on the 450 acre tract at it's intersection of US 290 and FM 2920, approximately 2.5 miles from the subject property. This location is the "hub" of Waller and will have a major impact on the City of Waller and surrounding property development.The subject property can be used for commercial, residential and industrial.
Recent activity and purchases show the City of Waller is now the place investors and developers are flocking to.
The subject property is in an ideal area and locations to see fast and continued development. Comparable asking prices and sales in he area are seeing over $1.70/sqft - $3.00/sqft.
The subject property should prove to be a good investment.