Evergreen Memorial Parkway, Kemah, TX , Kemah, TX, 77565

Evergreen Memorial Parkway, Kemah, TX Kemah, TX 77565

Evergreen Memorial Parkway, Kemah, TX	, Kemah, TX, 77565
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FOR SALE
Property Type:
Multifamily Land
Amount:
$950,000
Last Verified:
Feb 18, 2021

Highlights

  • ​Easy access to FM 518 and Highway 146
  • ​+/- 361' of Frontage
  • ​Nearby Hotel construction underway
  • ​Proposed +/- 89-acre subdivision would extend Evergreen Memorial Parkway to Highway 96
  • ​Proposed Commercial Development / Business Park on Ralph Gordy Avenue

Description

The subject property is a 1.33-acre lot located on Evergreen Memorial Parkway (formally Bel Road) between FM 518 and Ralph Gordy Avenue in Kemah, TX. Situated directly behind the Kemah Marketplace, home to Walmart, Petco, Ross, Marshalls and more, the site is ideal for a variety of commercial development uses. The lot has approx. 360 feet of frontage and offsite detention is possible (pending approval). Evergreen Memorial Parkway and Ralph Gordy Avenue create new access points for retail and entertainment businesses, including a hotel development currently under construction on Ralph Gordy Avenue. These newly constructed roads have also opened up more than 100 acres of land for future commercial development and create an alternative route for traffic as Highway 146 is widened over the next few years. Proposed plans for a new, nearby subdivision on nearly 89 acres would result in Evergreen Memorial Parkway expanding south and connecting to Highway 96. This is an excellent opportunity to secure prime commercial land in this burgeoning area!

The property is in-line with the Kemah Marketplace Retail Center, which features the following national retailers:
Walmart, McDonalds, Whataburger, NTB, Petco, Ross Dress for Less, Ulta Beauty, Rack Room Shoes, and A'mour Nails & Spa.
Kemah is historically known for attracting tourists year-round to the several Entertainment, Dining, Nightlife, and Retail Establishments throughout the city. Additionally, Kemah's location is conveniently centralized between Downtown Houston and Galveston Island, providing visitors easy commutes to the property from either travel hub. Less than a mile away from the subject property is The Kemah Boardwalk, a 60-Acre theme park complex consisting of (14) amusement rides, (10) restaurants, several retailers, outdoor live music venue, and the largest charter yacht on the Gulf Coast. With several seasonal events planned each year, The Kemah Boardwalk consistently attracts visitors to the area during holiday weekends and special occasions.

Lot Size: 1.33 acres

Map of Evergreen Memorial Parkway, Kemah, TX , Kemah, TX, 77565

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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.