96.75 Acres in Sealy, TX - $1,402,898
Bill Johnson and Associates Real Estate Company is proud to offer for sale 96.7516 acres located in the triangle between FM 1094, FM 2187, and State Hwy. 36, within the City Limits of Sealy, with access to full capacity sewer, water, and natural gas. The property is gently rolling with scattered trees and includes a three-acre lake, complete with an island. In addition to the beauty of the property, there are tax incentives in place which make it an extra-valuable development offering.
All 96.7516 acres is part of SEALY TIRZ #2. Any developer can appreciate the value of tax increment reimbursement for sanitary sewer, water, drainage, and gas lines, but THERE IS MORE! The City of Sealy has also agreed to allow a PID (public improvement district) on the property. Revenue from the PID will compensate the developer in areas not addressed by the TIRZ, namely paving, lighting, and landscapin...
All 96.7516 acres is part of SEALY TIRZ #2. Any developer can appreciate the value of tax increment reimbursement for sanitary sewer, water, drainage, and gas lines, but THERE IS MORE! The City of Sealy has also agreed to allow a PID (public improvement district) on the property. Revenue from the PID will compensate the developer in areas not addressed by the TIRZ, namely paving, lighting, and landscaping, as well as the balance of water, sewer, and drainage not reimbursed by the TIRZ.
One factor making these options possible, is the extremely low tax rate in Sealy. For 2007, the combined county, city, and school rate is $2.0386. This means the PID of $.65 or less has little impact on the gross tax rate. As of the February 13, 2008 meeting of the Sealy City Council the cap has been set at $.65.
The first 33 acres of the TIRZ is already under development as “Sealy Homestead”.
Contiguous to the 96.7516 being offered for sale, is an additional 94.7211 acres with ample road frontage on FM 2187. This adjoining 94.7211 acres is blessed by the same development incentives and preliminary residential platting maps are available.
DEVELOPMENT INCENTIVES – LOW TAXES – LOVELY PROPERTY – 96.7516 or 191.4727 ACRES AVAILABLE - NO FLOOD PLAIN – SEWER AND WATER CAPACITY IN PLACE – COUNTRY ATMOSPHERE – 20 MINUTES TO KATY; 30 MINUTES TO HWY. 6.
Bill Johnson and Associates Real Estate Company will co-broker if Buyer is accompanied by his/her agent at all property showings.**
Directions
Directions: From intersection of Hwy. 36/FM 1094 in Sealy, take FM 1094 (Columbus Road) 4/10 mile to property on the right. Watch for Bill Johnson Real Estate sign.