Beltway Enterprise Park comprises 100 acres of prime developable land with full utilities available to the site. The Park is located near the northwest corner of the Intersection of 90A and The Sam Houston Tollway.
A preliminary land plan envisions 60 acres on the frontage for a mixed use development consisting of midrise office buildings, med-tech facilities, restaurants, hotels and retail uses. Approximately 10 acres in the middle of the tract will be used for storm-water detention with the remaining 30 acres fronting on Cravens Road devoted to traditional warehouse distribution facilities.
The adjacent 82 acre tract can be acquired to expand the size of the Park if the Investor/Purchaser so desires.
As shown on Exhibit B Metro plans to offer light rail service from the site thru the Texas Medical Center to the Central Business District and the entire Metro system. Since funding for the project isn't currently available a Park and Ride facility utilizing busses may be implemented as the initial step.
Frontage: 1,902 feet on the Sam Houston Tollway
1,902 feet on Cravens Road.
Easements: Shell Oil pipeline across the property that is low pressure.
Utilities: Available through existing Municipal Utility District.
Restrictions: Subject to Missouri City Zoning.
DEVELOPMENT TEAM :
A local development team led by a 40-year industry veteran Ed Summers (www.edsummers.net) assisted by LJA Engineering, Inc. (www.ljaengineering.com), is available to assist prospective buyers who may want to initiate infrastructure development to prepare the property for sale to specific users on an immediate basis or the purchaser may want to purchase the property and continue to hold as an investment.
Currently the property has an agricultural use exemption that mitigates the property tax cost to a fraction of the normal amount, which can be transferred to purchaser.
A tenant or owner in Missouri City, where the property is located may have the opportunity, subject to governmental approval, to enjoy a tax abatement on value-added improvements to real property, for up ten years and up to 100% during each year of abatement. A facility may qualify for the property tax abatement if it exists for the purpose of manufacturing, wholesale distribution and/or major office operations and adds assessed value of at least one million dollars.
Qualified buyers may contact:
Gulf Equities Realty Corp