Property Listing No Longer Available for Sale

Highway BLVD from Ave. C to Ave. D

Katy, TX

Land for Sale - $174,487 - 0.11 acres


Property Info

CIMLS#66455
Location
  Highway BLVD from Ave. C to Ave. D
  Katy TX 77493
UpdatedMarch 1st, 2009
TypeLand
Price$174,487
Land0.11 acres

Property Description

The Commercial Development Team of Coldwell Banker Commercial Southwest Partners is proud to represent the KATY HIGHWAY BOULEVARD SITE.

The site is a 4,950 SF lot with about 150’ of frontage on Highway Boulevard (US Highway 90) spanning from Avenue C to Avenue D providing frontage on three sides in the city limits of Katy.

It is offered for $174,487 ($35.25 per SF) with a full 3% buyer broker commission PLUS $5,000 buyer broker commission bonus (“Katy Highway Boulevard Site”).

HIGHLIGHTS

(1) 4,950 SF lot with 150’ frontage on Highway Pavilion complemented by additional frontage on Avenue C and Avenue D

(2) Great location to build retail or professional space requiring outstanding visibility, easy access and frontage on multiple streets

(3) Less than three minutes and 0.7 miles from Interstate 10 with access to and from both westbound and eastbound lanes

(4) Within one mile of Katy Mills Mall

(5) 20,400 estimated current average daily two-way traffic projected to grow by 34% over the next 5-years to exceed 27,000 in 2013

(6) Within a 3-mile radius (“Immediate Area”), the local economy is growing at a torrid 8.89% annual rate a rate that is 50% higher than the Houston CBSA

(7) Immediate area local economy estimated at $800 million projected to exceed $1 billion in 2012

(8) Immediate Area projected population growth rate is 90%+ higher than the Houston CBSA and Katy

(9) Immediate Area 2008 and projected household incomes significantly higher than the Houston CBSA and Katy

(10) Located in Waller County, $214.00 estimated 2008 taxes

CONTACT INFORMATION

Call 979.421.9996 to contact any member of the Commercial Development Team of Coldwell Banker Commercial Southwest Partners listing team to set up an appointment.

You can also contact the Team by email at InvestInKatyTexas@ColdwellBusiness.com.

ADDITIONAL INTERNET LINKS

(1) Dedicated website:

http://property.loopnet.com/15736659

(2) Link to listing website with all graphics and pictures utilized in PDF or JPG files for easy downloading:

http://www.commgate.com/index.cfm?pagename=inc_fs_detail_search.cf m&ln=169627

(3) Link to Demographic and Econometric Reports

http://www.coldwellbusiness.com/ListingReports.KatyHighwayB oulevardSite.html.

PROPERTY

The Katy Highway Boulevard Site benefits from extraordinary local access, extensive Boulevard frontage, great visibility, easy access to and from Interstate 10, on the western edge of downtown Katy.

The site appears to be an excellent location for a retail or professional entrepreneur who requires excellent visibility, tremendous access and frontage on multiple streets with over 200' of frontage.

LOCATION

Highway Boulevard is a four lane paved highway with a dedicated turn lane at Avenue D enhancing the value and access of the Katy Highway Boulevard Site.

Less than three minutes and 0.7 miles from Interstate 10 with access to and from both westbound and eastbound lanes.

Katy Mills Mall is within 1-mile of the Katy Highway Boulevard Site.

TRAFFIC ANALYSIS-LOCAL ECONOMY-KEY INDICATORS

Alexander Tiffany, LLC (“AT”) performed analysis on behalf of Coldwell Banker Commercial Southwest Partners to estimate current traffic volume and to project future volumes.20,400 is the current estimated average daily two-way traffic. Traffic volume is projected to grow by over 1/3 (34.4%) over the next 5-years.

As a result, in second quarter 2013, average daily traffic volume projected to be 27,425. Traffic data was available one block east of the Katy Highway Boulevard Site at the intersection of Highway Boulevard and Avenue B. Analysis utilized data from 1998, 2000 and 2005.

For benchmark comparisons, AT defined the3-mile radius as the “Immediate Area” for comparison to the City of Katy and the greater Houston-Sugar Land-Baytown Core Based Statistical Area (“Houston CBSA”).

The Houston CBSA includes the following Counties: Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jacinto and Waller.

AT projects the Immediate Area economic growth at a torrid 8.89% annual rate from 2008 through 2013. This is a 50% higher rate than projected for the Houston CBSA. For example, projected economic growth of 5.71% for the city of Katy and 5.92% for the Houston CBSA during the same period confirms the economic advantages of the Immediate Area.

With an estimated $800 million current economy, the Immediate Area economy will exceed $1 billion in 2012.

For benchmark comparisons, we defined the3-mile radius as the “Immediate Area” for comparison to the City of Katy and the Houston CBSA. “Annual growth” refers to the period 2008 through 2013.

In almost all key indicator categories, the Immediate Area significantly outperforms the City of Katy and the Houston CBSA.

The following are key findings:

(1) Higher annual population growth:

The Immediate Area projected growth rate is 90%+ higher than the Houston CBSA and Katy.

(2) Higher 2008 effective buying incomes:

The Immediate Area average of $80,743 in 2008 is 30%+ higher than the Houston CBSA and Katy.

(3) Faster annual growth in consumer spending:

The Immediate Area projected growth rate is 50%+ higher than the Houston CBSA and Katy.

(4) Higher 2008 average household incomes:

The Immediate Area average of $95,438 in 2008 is 32%+ higher than the Houston CBSA and Katy.

(5) Faster annual growth in average household incomes:

The Immediate Area projected growth rate is 42%+ higher than the Houston CBSA and Katy.

(6) Higher percent of 2008 and 2013 households with at least $100K annual incomes:

The Immediate Area average of 35% in 2008 is 59%+ higher than the Houston CBSA and Katy. This gap is projected to grow to 63% by 2013. In 2013, 40.8% of households in the Immediate Area will have at least $100K annual incomes.

(7) Higher percent of 2008 and 2013 households with at least $150K annual incomes:

The Immediate Area average of 16.4% in 2008 is 95%+ higher than the Houston CBSA and Katy. This gap is projected to grow to 102% by 2013. In 2013, 22.1% of households in the Immediate Area will have at least $150K annual incomes.

(8) Higher percent of 2008 and 2013 households with at least $250K annual incomes:

The Immediate Area average of 4.35% in 2008 is 77%+ higher than the Houston CBSA and Katy. This gap is projected to grow to 106% by 2013. In 2013, 6.8% of households in the Immediate Area will have at least $250K annual incomes.

(9) Faster annual growth in households with at least $150K annual incomes:

The Immediate Area projected growth rate is 14%+ higher than the Houston CBSA and Katy.

(10) Faster annual growth in households with at least $250K annual incomes:

The Immediate Area projected growth rate is 72%+ higher than the Houston CBSA and is higher than Katy.

TAXES

Although in Katy, the Katy Highway Boulevard Site benefits from the lower tax base of Waller County.

Estimated 2008 taxes of $213.98 are based on 2007 paid taxes of $198.13 and increased by 8%. Consult your tax advisor regarding your expected taxes.

EMAIL TO YOU WHEN WE LIST NEW PROPERTIES THAT MEET YOUR SPECIFICATIONS

We offer immediate email contact when we list properties in categories you have expressed an interest.

Please send an email to PriorityListings@ColdwellBusiness.com with your specifications.

DISCLOSURES & COPYRIGHTS

CBC is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions- stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.


Financials

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