11.50 AC in Spectrum Business Park

630 Riley Road Houston, TX 77047

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FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,361,250
Last Verified:
Apr 12, 2017


Close to Beltway 8, adjacent to diversified Shadow Creek Ranch Subdivision and businesses
Zoned for Mixed Business Use
Long frontage along Riley Road
Possible financial incentives from the Pearland EDC,depending upon final usage by a company
Lot Size: 11.5 acres

Map of 630 Riley Road, Houston, TX, 77047

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.