This exceptional 3.28-acre commercial land parcel presents a rare opportunity in Alvin, Texas. Strategically located at 2441 S Bypass 35 in Brazoria County, zip code 77511, this property boasts high visibility and significant development potential. The site is divided into two distinct pads: a 2.145-acre corner pad and a 1.145-acre interior pad, offering flexibility for various commercial ventures. Its prime location directly fronts an 80-unit Class A apartment complex, housing approximately 130 residents, ensuring a built-in customer base. This advantageous positioning makes it ideally suited for businesses seeking high foot traffic and convenient access. The property's size and configuration allow for the development of a variety of commercial uses, including, but not limited to, medical offices and banking institutions. With its excellent location, ample space, and proximity to a substantial residential population, this property represents a compelling investment opportunity for discerning developers and businesses seeking a strong foothold in a thriving community. The coordinates for this property are 29.4031466 latitude and -95.2353336 longitude. Serious inquiries are encouraged.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$695,397
6.5%
$641,905
7%
$596,055
Comparable approach
Method
Valuation
Relative Method
$442,837
Geo Method
$896,972
Alternative Use
Use
Valuation
Industrial / Distribution
$1,333,160
Retail / Commercial
$670,052
Mixed-Use / Specialty
$656,958
Hospitality / Lodging
$468,052
Office
$641,905
Institutional / Educational
$679,146
Residential Income
$794,600
Multifamily
$1,012,350
Automotive / Energy
$582,125
Parking / Income-Based Land
$211,461
Restaurant / Food Service
$318,842
Healthcare / Senior Housing
$684,676
Location Insight
City
Alvin
County
Brazoria
State
Texas
Latitude
29.4031
Longitude
-95.2353
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Bypass 35 Alvin, TX 77511
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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