17970 Gulf FwyFriendswood, TX 77546

Property Details for 17970 Gulf Fwy

Year built

2021

Construction

METAL FRAME

Lot size

11.04 AC

Property size (Sq ft)

49,191 SF

Property type

Automotive properties

APN

1409450010001

APU

1409450010001

Description

This exceptional 9.773-acre commercial land parcel boasts 398.82 feet of frontage on the Gulf Freeway (I-45 South feeder road). Its strategic location sits directly between the off-ramp and on-ramp, providing unparalleled visibility and accessibility for businesses. The property is already platted with the City of Houston, simplifying the development process. Essential utilities, including water and storm drainage, are readily available, minimizing infrastructure costs. This prime location offers significant potential for a variety of commercial ventures, capitalizing on the high volume of traffic along this major thoroughfare. The expansive lot size allows for substantial development opportunities, making it an ideal investment for businesses seeking high visibility and convenient access to a major transportation artery in the thriving Harris County, Texas market. The property is located in Friendswood, TX, zip code 77546, at 17970 Gulf Fwy.

• CAP approach

  CAP return

  Valuation

  6%

  $14,809,366

  6.5%

  $13,670,184

  7%

  $12,693,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,322,634

  Geo Method

  $37,112,780

• Alternative Use

  Use

  Valuation

  Residential

  $11,531,311

  Hospitality

  $10,562,619

  Educational

  $8,787,975

  Medical

  $9,090,207

  Retail

  $13,670,184

Location Insight

City

Friendswood

County

Harris

State

Texas

Latitude

29.5595

Longitude

-95.163

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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