Business for Sale in Katy, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Katy, TX 77494

Description

addlespur Lane is a ±3.77-acre engineered commercial development site located in the high-growth Katy submarket of Fort Bend County, one of the fastest-growing counties in Texas. Positioned near the I-10 corridor and surrounded by affluent master-planned communities, the site benefits from strong household incomes, discretionary spending power, and a well-established automotive and hobbyist culture. The highest and best use of the property is the development of a luxury garage condominium complex designed for antique and luxury vehicle storage, recreational “toy” storage (boats, RVs, specialty vehicles), and customizable private “man cave” units — a product type that has demonstrated strong absorption and limited supply in the corridor. Anyone looking to develop the Luxury Garage Condo opportunity will obtain a property with MUD water rights, survey’s, including topos, Phase 1 enviro studies, Geotechnical studies, detention pond specs reviewed and approved by Civil Engineers and preliminary site plans and elevations, putting them ahead of the game. Time is money. While luxury garage condos represent the most logical and efficient development path, the site also presents a compelling opportunity for alternative uses such as office condominiums or small-bay industrial units consistent with area growth trends. Land Size: 3.53 Ac | Listing Type: FOR SALE

Market Context

This other in Katy, TX is listed for sale. It has been on the market for 39 days. Compare it against other other listings for sale in Katy, TX — <a href="/search/sale/other/texas/katy">view the full market</a>.

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