IBD Industrial Lot + 810 SF Building ~30 m from INEOS Plant, Texas City, $71K Cash

Description:

A small, plant-adjacent industrial (IBD) parcel in Texas City's refinery district, with an existing ~810 sq ft one-story building already on the lot. The lot is two lots from INEOS-owned land and about 30 m from the INEOS Acetyls plant property. That puts a contractor, inspector, rental company or supplier right at the fence line of one of Texas City's chemical plants.

Texas City's IBD district permits equipment storage and rental, outdoor storage and lay-down yards, fabrication shops, warehousing, material and supply sales, office, and parking (Code §160.046). The building can be evaluated as a small field office, crew point or secure tool storage, subject to city approval (see disclosures). It is about 0.5 mi to the 6th St / FM 1765 (Spur 197) corridor and Texas City Terminal Railway property, and it sits inside Opportunity Zone tract 48167722200.

Cash, as-is, by assignment of contract. Title is open at Capital Title with closing on or before November 10, 2026. Proof of funds is required; the seller-signed contract and a one-page deal sheet are available on request.

KEY FACTS
- Address: 115 Bay St N, Texas City, TX 77590 (GCAD 7030-0004-0014-000, Lot 14 Blk 4 Texas City First Division)
- Price: $71,000 cash, as-is. Assignment of purchase contract.
- Lot: ~2,750 sq ft (0.063 ac), ~25 ft frontage on Bay St N x ~110 ft deep (from CAD outline; confirm by survey)
- Building: ~810 sq ft, one story, pier & beam, built ~1967, public water/sewer (per MLS listing; not inspected)
- Zoning: IBD (Industrial Business District), Sixth Street Revitalization overlay
- Neighbors: INEOS Acetyls owns 113 Bay St N, two lots away, and its 45-acre plant parcel is about 30 m from this lot (Galveston CAD).
- Access (straight-line): ~0.5 mi to 6th St / FM 1765 (Spur 197) and Texas City Terminal Railway property; ~1.2 mi to Valero refinery parcel; ~3.4 mi to SH-146; ~4.2 mi to I-45
- Opportunity Zone: census tract 48167722200 (benefits only through a QOF; ask your tax advisor)
- 2026 county value: $32,200 (land $10,450 + improvements $21,750). 2025 taxes ~$1,253.
- Flood: FEMA Zone X per earlier check; re-verify at msc.fema.gov
- Closing: Capital Title, on or before Nov 10, 2026 (sooner OK). Proof of funds required before assignment is signed.

DISCLOSURES
Zoning: The existing building is a legal nonconforming residence under IBD. No new residential permits. Repairs are capped at 50% of structure value, and nonconforming status ends on a change of use, 50%+ remodel/damage, or 6 months without utilities. Converting it to an IBD use (e.g., contractor office) needs a certificate of occupancy; in the Sixth Street overlay that requires a pre-application meeting and a Planning Board decision (Texas City Code §160.054). Impervious cover is capped at 50% (§160.046(C)). Please confirm your planned use with Texas City Planning, 409-643-5946.

Sale disclosure (Tex. Occ. Code §1101.0045 / Tex. Prop. Code §5.0205): I do not own this property. I hold a signed contract to buy it and am offering to assign my equitable interest in that contract. The buyer steps into the contract and closes directly with the seller at the title company.

Contact: Mahmood Chand · +1 646 980 6896 · hajerafatima1643@gmail.com