Online Auction Nov. 13-15, 2023.
Marcus & Millichap and RI Marketplace are pleased to present 7.096-Acres located at 6503 FM 1960 W (the “Property”) in Humble, Texas. This Property offers an exceptional investment opportunity to develop a parcel adjacent to George Bush Intercontinental Airport with prime frontage on FM 1960 Bypass Road.
The Property is vacant land and consists of a single parcel totaling 7.096 acres. The Property is directly across from George Bush Intercontinental Airport and currently free of floodplain and easement restrictions. The Property is in a robust trade area near a mix of residential housing, retail, and industrial demand generators. Nearby retailers within a mile of the asset include Walmart, Family Dollar, Kroger, At Home, Home Depot, and more. Other area economic drivers include Amazon Distribution Warehouse (±1.5 mi), several schools and Deerbrook Mall (±3.5 mi) with over 1 million square feet of retail space. Utilities are not to the site but can be obtained through annexation into a neighboring Mud. Highest and best use is light industrial or self-storage.
The Property is located just outside Houston in Harris County. Houston is the fourth most populous city in the nation, trailing only New York, Los Angeles, and Chicago, and is the largest city in the southern U.S. and Texas. The Property is poised to benefit from its location in a high traffic area with ±57,953 vehicles per day on Farm to Market 1960 Bypass Road W. The site also benefits from its close proximity to I-45 with traffic counts over 260,000 vehicles per day, Hardy Toll Road (41,658 Vpd), and I-69 (169K Vpd) (±3-Miles). The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2023 population of ±108,039 people and average household income of within a 5-mile radius. The area has benefited from significant population growth of ±24.08% from 2010-2023 and will continue to benefit from a population that is expanding, with ±2.44% growth projected from 2023-2028 (5-mile radius).
Lamar P. Fisher
Fisher Auction Company Inc.