0.36 Acres in Katy, TX - $89,972
The Commercial Development Team of Coldwell Banker Commercial Southwest Partners is proud to represent the KATY FIRST STREET SITE.
The site is a 0.3558 acre lot with approx 102’ of frontage on First Street in the city limits of Katy. It is offered for $89,972 ($5.75 per SF) with a full 3% buyer broker commission PLUS $1,000 buyer broker commission bonus (“Katy First Street Site”).
HIGHLIGHTS
(1) 15,638 SF lot with 102.38’ frontage on First Street at $5.75 per SF
(2) Great location to build for light industrial businesses, warehousing, shipping and transportation companies or oil & gas service companies. Potential rail spur immediate access. Location within the city limits of Katy.
(3) 685’ from operating rail road spur (spur and related property may be available)
(4) Less than ¼ mile from the intersection of Pin Oak Boulevard and Highway Boulevard (US 90).
(5) Less than ¾ mile f...
(5) Less than ¾ mile from the intersection of Pin Oak Boulevard and the Interstate 10 feeder roads for the Pin Oak Boulevard interchange.
(6) Less than 1½ miles rom the Interstate 10 access road and Bass Pro Drive entrance to Katy Mills Mall
(7) 15.5 miles and 18 minutes from West Houston at the Interstate 10 West/Beltway North interchange
(8) 33.8 miles from Port of Houston.
(9) 39.4 miles from Houston Hobby International Airport
(10) 40.3 miles from George W. Bush Intercontinental Airport
(11) Within a 3-mile radius (“Immediate Area”), the local economy is growing at a torrid 8.68% annual rate, a rate that is 46%+ higher than the Houston CBSA
(12) Immediate area local economy estimated at $925+ million projected to exceed $1 billion next year
(13) Immediate Area projected population growth rate is 83%+ higher than the Houston CBSA and Katy
(14) Immediate Area 2008 and projected household incomes significantly higher than the Houston CBSA and Katy
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.
PROPERTY
The Katy First Street Site benefits from extraordinary local, Interstate 10 and Katy Mills Mall access.
The site is an excellent location for light industrial businesses, warehousing, shipping and transportation companies or oil & gas service companies that can benefit from the Katy First Street Site access.
It is located on the eastern edge of downtown Katy on First Street with 103’ of frontage on First Street.
ADDITIONAL WAREHOUSE SPACE AVAILABLE
Located just 275’ west, the Katy Mills Warehouse offers 30,500 SF total with 28,500 SF of warehouse on a 3+ acre tract. Offered at $1,499,000 with 100% financing, 5% buyer broker commission or 3% buyer broker commission with 2% buyer cash back at close.
LOCATION
The Katy First Street Site benefits from extraordinary local, Interstate 10 and Katy Mills Mall access.
(1) Less than ¼ mile from the intersection of Pin Oak Boulevard and Highway Boulevard (US Highway 90)
(2) Less than ¾ mile from the intersection of Pin Oak Boulevard and the Interstate 10 feeder roads for the Pin Oak Boulevard interchange
(3) Less than 1 mile from all primary downtown Katy locations
(4) Less than 1½ miles and about 5 minutes from the Interstate 10 access road and Bass Pro Drive entrance to Katy Mills Mall
(5) 15.5 miles and 18 minutes from West Houston at the Interstate 10 West/Beltway North interchange
(6) 21.3 miles and 25 minutes (35 minutes in traffic) from Northwest Houston at the US Highway 290 West/Beltway North interchange
(7) 25.1 miles and 29 minutes (35 minutes in traffic) from the Galleria Mall area at the Interstate 610 West Loop and Westheimer Boulevard exit
SHIPPING AND TRANSIT ACCESS
Alexander Tiffany, LLC (“AT”) performed shipping and transit analysis on behalf of Coldwell Banker Commercial Southwest Partners to evaluate access and proximity to key destinations.
(1) 685’ from operating rail road spur (spur and related property may be available)
(2) Within 1 mile of easy access to Interstate 10 westbound and eastbound traffic
(3) Five minutes from Katy Mills Mall
(4) 33.8 miles and 42 minutes (55 minutes in traffic) from Port of Houston
(5) 39.4 miles and 50 minutes (1 hour in traffic) from Houston Hobby International Airport
(6) 40.3 miles and 44 minutes (70 minutes in traffic) from George W. Bush Intercontinental Airport
LOCAL ECONOMY
AT performed analysis on behalf of Coldwell Banker Commercial Southwest Partners to evaluate the Immediate Area economy.
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 8.68% annual rate from 2008 through 2013. This is a 46.7% 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 $925+ million current economy, the Immediate Area economy will exceed $1 billion next year.
MICRO DEMOGRAPHIC AND ECONOMETRIC KEY INDICATORS
AT performed analysis on behalf of Coldwell Banker Commercial Southwest Partners to evaluate the Immediate Areas demographics and econometrics.
For benchmark comparisons, we defined the 3-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 83%+ higher than the Houston CBSA and Katy.
(2) Higher 2008 effective buying incomes:
The Immediate Area average of 82,412 in 2008 is 34%+ higher than the Houston CBSA and Katy.
(3) Faster annual growth in consumer spending:
The Immediate Area projected growth rate is 46%+ higher than the Houston CBSA and Katy.
(4) Higher 2008 average household incomes:
The Immediate Area average of $97,658 in 2008 is 35% higher than the Houston CBSA and Katy.
(5) Faster annual growth in average household incomes:
The Immediate Area projected growth rate is 40% 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 36%+ in 2008 is 71%+ higher than the Houston CBSA and Katy and is projected to be 66% in 2013. In 2013, 42.3% 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 16.8% in 2008 is 100%+ higher than the Houston CBSA and Katy. This gap is projected to grow to 107% by 2013. In 2013, 22.6% 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 4.36% in 2008 is 77%+ higher than the Houston CBSA and Katy. This gap is projected to grow to 108% by 2013. In 2013, 6.88% 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 66%+ higher than the Houston CBSA and is higher than Katy.
TAXES
Estimated 2008 taxes of $703.84 are based on 2007 paid taxes of $651.70 and increased by 8%. Consult your tax advisor regarding your expected taxes.
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DISCLOSURE OF OWNERSHIP RELATIONSHIPS AND FUNCTIONS
Coldwell Banker Commercial Southwest Partners is a wholly owned franchise of Alexander Tiffany Southwest, LLC ("AT Southwest"). AT provides ownership transaction services, management and consulting to affiliates and clients. AT and AT Southwest have common ownership.
ANALYSIS, GRAPHICS AND MEASUREMENT REFERENCES
All references to "Analysis" in this listing refer to analysis performed by AT on behalf of AT Southwest. Analysis is preliminary and based on proprietary systems and models. Analysis is time sensitive and based on assumptions stated. All graphics are artist renderings only to provide a reasonable representation.
Measurements are Analysis estimates only to provide a reasonable representation. AT provides no explicit or implied warranty regarding the accuracy of renderings and measurements.
USE OF COPYRIGHTS AND LIMITATIONS
U.S. and international copyright laws protect analysis, graphics, images, narrative and other listing content. Analysis is for the specific and limited use of prospective purchasers or their legal representatives in evaluating the acquisition of this property. Any other use, copying, modifying, reference to or reproduction is strictly prohibited without the express written consent of AT, and/or AT Southwest as appropriate.
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