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Highway 288 - Reserve at Shadow Creek Ranch

20.63 Acres of Commercial Land in Pearland, TX 77584

Investment Highlights

  • T-Ramp at Discovery Bay Blvd. - Now Open

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Hospitality
  • Healthcare
  • Medical
Total Lot Size 20.63 AC
Cross Streets CR 403

1 Lot Available

Lot

Lot Size 20.63 AC

Description

"The Reserve at Shadow Creek Ranch” is 200+ acre master planned development fronting SH 288 in the dynamic Houston suburban market of Pearland, TX. Pearland is the 2nd fastest growing city in the state of Texas and ranks nationally in several quality of life studies due to affordable housing, outstanding schools, safe neighborhoods and short 20 minute commute to downtown Houston. The Reserve is currently undergoing a massive surge of medical development with several new hospitals (Health South, HCA & MHHS), medical office buildings (MHHS, Kelsey Seybold, HCA & AMD), corporate campus (Kelsey Seybold), and several other emergency care facilities. In the immediate trade area there is also large swell in medical job creation projects underway by Merit Medical Systems, Cardiovascular Systems Incorporated, DaVita, and Fresenius now under construction. Other non-medical related job creation projects in the area include Ref-Chem Corporate Campus, Dover Energy, Mitsubishi Corporation and Lonza Life Science. Combined with the above medical/commercial developments the single family housing market in the area is extremely active with thousands of acres under contract/under development for future master planned communities. New infrastructure projects are ongoing to accommodate the ongoing/future demand highlighted by the SH 288 Toll Road. SH 288 Toll Road will span from the Texas Medical Center down south SH 288, and will have direct access into The Reserve via a T-Ramp at Discovery Bay Boulevard which is now open. The remaining 20+ acres in The Reserve represents the best opportunity for commercial/medical development in the region. The site has unprecedented access & visibility from SH 288, high density utilities constructed, off-site detention provided, no medical restrictions, direct access from SH 288 Toll Road all at the core of $250+ in ongoing medical projects. These attributes, coupled with the thousands of new high paying jobs and the correlated housing projects to accommodate demand, have created an unprecedented opportunity for long term strategic positioning in the market.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0344-0003-121
  • 0344-0003-120
  • 0344-0001-110
Land Assessment
$10,090,127 CAD
Improvements Assessment
$0 CAD
Total Assessment
$10,090,127 CAD
  • Listing ID: 15418533

  • Date on Market: 2019-03-12

  • Last Updated:

  • Address: Highway 288, Pearland, TX 77584

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