GALVESTON 88 ACRES

0 Terramar Galveston, TX 77554

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FOR SALE
Property Type:
Other Land
Amount:
$3,750,000
Last Verified:
Apr 10, 2017


UTILITIES ARE ACCESSIBLE AS THE LAND IS ADJACENT TO A SUBDIVISION.
THERE IS A BIRD SANCTUARY TO THE LEFT AND ACROSS THE HIGHWAY FROM THIS PROPERTY. FREE ACCESS AND PARKING TO PUBLIC RECREATIONAL BEACHES ALONG THE GULF OF MEXICO ARE PROVIDED.
One of the largest tracts available for purchase on the island and includes a canal
Over 1,000 linear feet on the canal and approximately 1,400 linear feet of waterfront on
Galveston Bay
Owner estimates that approximately 60 acres of the land are developable
Core of engineers has told the owners that almost half of the rest of the land (approximately
28 acres) can be developed if the same amount of land is turned into wetlands
An estimated 80% of Galveston’s West End housing is comprised of vacation and second homes
Almost 6 million visitors and tourists annually
Lot Size: 88.0 acres

Map of 0 Terramar, Galveston, TX, 77554

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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.