+/ ACRES - CULLEN PKWY. & FITE RD. SELLER WILL SUBDIVIDE
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1 +/ ACRES - CULLEN PKWY. & FITE RD. GENERAL BUSINESS LAND FOR SALE PEARLAND, TEXAS SELLER WILL SUBDIVIDE CU N LLE.. WY PK FITE RD. HOUS TON 18 MILES NORTH Contact broker to discuss pricing. A. David Schwarz III, SIOR Carlos P. Bujosa David.Schwarz@transwestern.com Carlos.Bujosa@transwestern.com
2 FEATURES PROPERTY ADDRESS: Tract 1 Tract 2 Tract 3 Fite Rd. at Cullen Blvd. Pearland, TX Fite Rd at Cullen Blvd. Pearland, TX Cullen Pkwy Pearland, TX PARCEL NO. (APN): LOT AREA: 7.71 ACRES - (336,039 SF) 1.82 ACRES - (78,216 SF) 0.75 ACRES - (32, 544 SF) PROPERTY HIGHLIGHTS Acres (446,799 Square Feet) of land that is able to be subdivided Zoning: General Business Brazoria County Outside the 500-yr and 100-yr Floodplains per LandVision LOCATION HIGHLIGHTS Pearland is the third largest city in the Houston MSA and the second fastest growing city in Texas Excellent traffic counts and visibility on Cullen Pkwy. with 20,345 vehicles per day; Cullen Blvd. and SH 288 are the main thoroughfares that connect Pearland to Houston Within 5 miles or less of the Southwyck Golf Club, Clear Creek Golf Club, Hickory Slough Sportsplex and Centennial Park Nearby retailers include: Walmart Supercenter, Sprouts Farmers Market, Kroger, Food Town, Los Cucos, BB s Cafe, Killen s Steakhouse, Killen s Barbecue, Wingstop, Wafflehouse, Gringo s Mexican Kitchen, Home Depot, Cicis and IHOP DEMOGRAPHICS AND INCOME PROFILE 2017 PROJECTED POPULATION WITHIN 1-MILE 10,764 3-MILES 64,628 5-MILES 135, AVERAGE HOUSEHOLD INCOME WITHIN 1-MILE $111,427 3-MILES $122,164 5-MILES $113, TOTAL HOUSEHOLDS UNITS WITHIN 1-MILE 3,668 3-MILES 21,975 SOURCE : ArcGIS
3 SURVEY - TRACT 1 & 2
4 LOCATION MAP Exxon Campus Grand Pkwy Bridgelands Intercontinental Airport Greenspoint Grand Pkwy 99 Katy 6 Westchase 10 Galleria Medical Center Houston Houston CBD Port of Houston 8 Richmond 59 Sugarland 288 Hobby Airport Pearland Ellington Field 45 ESTIMATED DISTANCE HIGHWAY MILES SAM HOUSTON TOLLWAY 6.7 MILES 610 LOOP 12.0 MILES INTERSTATE MILES WILLIAM P. HOBBY AIRPORT 13 MILES ELLINGTON FIELD AIRPORT 15 MILES HOUSTON CBD VIA HIGHWAY MILES
5 FEMA 100 & 500 YR FLOOD MAP MAP KEY SOURCE : LandVision FLOODWAY 1% ANNUAL CHANCE (100-YEAR) 0.2% ANNUAL CHANCE (500-YEAR)
6
7 TRANSWESTERN PROPERTY COMPANY SW GP, L.L.C. SALE/LEASE AMERICAN S WITH DISABILITIES ACT, HAZARDOUS MATERIALS AND TAX DISCLOSURE The Americans with Disabilities Act is intended to make many business establishments equally accessible to persons with a variety of disabilities; modifications to real property may be required. State and local laws also may mandate changes. The real estate brokers in this transaction are not qualified to advise you as to what, if any, changes may be required now, or in the future. Owners and tenants should consult the attorneys and qualified design professionals of their choice for information regarding these matters. Real estate brokers cannot determine which attorneys or design professionals have the appropriate expertise in this area. Various construction materials may contain items that have been or may in the future be determined to be hazardous (toxic) or undesirable and may need to be specifically treated/handled or removed. For example, some transformers and other electrical components contain PCB s, and asbestos has been used in components such as fire-proofing, heating and cooling systems, air duct insulation, spray-on and tile acoustical materials, linoleum, floor tiles, roofing, dry wall and plaster. Due to prior or current uses of the Property or in the area, the Property may have hazardous or undesirable metals (including lead based paint), minerals, chemicals, hydrocarbons, or biological or radioactive items (including electric and magnetic fields) in soils, water, building components, above or below-ground containers or elsewhere in areas that may or may not be accessible or noticeable. Such items may leak or otherwise be released. Real estate agents have no expertise in the detection or correction of hazardous or undesirable items. Expert inspections are necessary. Current or future laws may require clean up by past, present and/or future owners and/or operators. It is the responsibility of the Seller/ Lessor and Buyer/Tenant to retain qualified experts to detect and correct such matters and to consult with legal counsel of their choice to determine what provisions, if any, they may wish to include in transaction documents regarding the Property. Sale, lease and other transactions can have local, state and federal tax consequences for the seller/lessor and or buyer/tenant. In the event of a sale, Internal Revenue Code Section 1445 requires that all buyers of an interest in any real property located in the United States must withhold and pay over to the Internal Revenue Service (IRS) an amount equal to ten percent (10%) of the gross sales price within ten (10) days of the date of the sale unless the buyer can adequately establish that the seller was not a foreigner, generally by having the seller sign a Non-Foreign Seller Certificate. Note that depending upon the structure of the transaction, the tax withholding liability could exceed the net cash proceeds to be paid to the seller at closing. Consult your tax and legal advisor. Real estate brokers are not qualified to give legal or tax advice or to determine whether any other person is properly qualified to provide legal or tax advice. SELLER By: Title: Co. Name: Date: PURCHASER By: Title: Co. Name: Date:
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