Houston Investors Put 900 Acres on Market

WEST COLUMBIA, TX-In one of the area’s largest land offerings, a group of Houston investors is bringing 900 acres to market. Due to initial interest in the listing, brokers believe the land could be sold by year’s end.

Forbes Henderson, associate with Yancey-Hausman of Houston, says the area is an untapped market ready to take off due to location and existing development. “West Columbia is growing. They have a new CVS, Walgreens and a new Tinseltown and La Quinta are going in,” he says. The property, listed at $6,500 per acre, is bordered by Texas 35, Brazos River and 14th Street.

Henderson says more development interest is bound to surface after construction wraps up on Texas 35, which is being widened to four lanes. The work will be done at the end of the year.

West Columbia sits between Angleton and Bay City, home of a nuclear power plant. It’s also about 15 miles from the Texas 288 corridor, which provides direct access to Houston. And, it’s Texas’ first capitol so it’s a historical site.

Henderson tells GlobeSt.com that there are 16 acres primed for commercial development, with frontage along Texas 35 and utilities in place. Although city officials foresee much of the land going to residential use, Henderson says the parcel isn’t zoned.

The investors are interested in selling the entire acreage in one deal, but Henderson says they’ll look at any offer. “Right now, given the interest on this, we could be closing on it by the end of the year,” he adds.

Henderson and colleague David Crawford, a vice president in Yancey-Hausman’s land division, hold the listing. “We get about three or four calls a day from people interested in it,” Henderson says.