UNDER CONTRACT! Rosenberg Corner 76+ Acres w/Finney Vallet & Klosterhoff Rd Frontage by I-69/Spur 10

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Property Detail

Home Information
  • Price

    : $1,907,750.00 

  • MLS No

    : 14224650

Custom Information
  • County :

    Fort Bend

  • Acreage :

    76.310

  • School Dist. :

    Lamar Consolidated

  • Status :

    Under Contract

Property Description

Rosenberg 76.310-Acre Corner Tract by I-69/Spur 10 with ~1159 ft Finney Vallet Road Frontage & ~2107 ft Klosterhoff Road Frontage. County Thoroughfare Map shows both roads will be developed into arterial roads in the future with Klosterhoff connecting to both Spur 10, as it does currently, and then running to I-69. The property is approximately six tenths of a mile from Spur 10 & less than a mile south of I-69. East portion of Property is in the Rosenberg City Limits. There are no known zoning or deed restrictions, but will need to comply w/Rosenbergs platting & subdivision requirements when developed. Dollar General plans to develop 140-acre distribution center near SW corner of Klosterhoff/Spur 10 (see Chronicle article). Property is not encumbered by any pipeline easements or drill sites per the Texas Railroad Commission and is in Zone X on the FEMA Flood Map. Owner is open to subdividing. Property is leased to farmer year-to-year who grows cotton & milo & pays a percentage of the crop sales to the landowner. Property is two tracts totaling 76.310 acres & is priced as $25,000/acre. The current 3 mile population is estimated at 6,224 with an expected growth rate of 39% in the next 5 years. 3 Mile Average Household Income is $76,702. There are an estimated 1,846 households. The land is also in a Qualified Opportunity Zone which gives some advantageous tax incentives (see NAR article). Buyer Pays for Survey.

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