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19+ Acres Wrap by SW Corner of Magnolia Pkwy & FM 1128 w/Road FRTG on Both

Cleared 19.3107-Acre 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. The seller has had initial workshops with 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. The 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. The 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. The site will requir...

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Contact Seller

Keller Williams Realty Metropolitan

License #0572009

Houston, TX

(713) 621-8001