0 Fwy & Crosby-Cedar ByuBaytown, TX 77521

Property Details for 0 Fwy & Crosby-Cedar Byu

Lot size

15.20 AC

Property type

Land

Description

This exceptional 15.2-acre commercial land tract in Baytown, Texas, presents a remarkable multifamily development opportunity. Ideally situated at the southeast corner of I-10 and Crosby-Cedar Bayou Road, the property boasts unparalleled visibility and direct access from I-10 East. Fully serviced with utilities already connected, this site is development-ready, eliminating significant upfront infrastructure costs. The property is zoned PUD-Multifamily, offering flexibility for a range of residential options, including single-family homes and townhomes. Preliminary plans suggest the potential for approximately 350 units, while the site is fully entitled for 380. Located within the Goose Creek ISD, this investment benefits from a favorable 3.49% tax rate, further enhanced by the possibility of buying down the rate through a Property Improvement District (PID). Access roads and other infrastructure construction are slated to commence in July 2023, with projected completion in Q4 2023. The property is owned by Bayten, Ltd. Development must adhere to architectural guidelines. Two single-family development tracts are currently under contract to homebuilders, with closing anticipated upon substantial completion of the off-site detention pond. This is a truly exceptional opportunity for investors seeking a high-impact multifamily development project in a thriving Texas market.

Location Insight

City

Baytown

County

Harris

State

Texas

Latitude

29.8086

Longitude

-94.9597

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