24920 Saddlespur lane

Description:

Saddlespur Lane is a ±3.77-acre engineered commercial development site located in the high-growth Katy submarket of Fort Bend County, one of the fastest-growing counties in Texas. Positioned near the I-10 corridor and surrounded by affluent master-planned communities, the site benefits from strong household incomes, discretionary spending power, and a well-established automotive and hobbyist culture. The highest and best use of the property is the development of a luxury garage condominium complex designed for antique and luxury vehicle storage, recreational “toy” storage (boats, RVs, specialty vehicles), and customizable private “man cave” units — a product type that has demonstrated strong absorption and limited supply in the corridor. The project has completed key entitlement and engineering milestones, including MUD rights, drainage design, and architectural planning, significantly reducing development risk and accelerating the path to vertical construction. While luxury garage condos represent the most logical and efficient development path, the site also presents a compelling opportunity for alternative uses such as office condominiums or small-bay industrial units consistent with area growth trends.




Prime High-Growth Location



Located in Katy / Fort Bend County — top-tier Houston MSA growth corridor


Strong household incomes and discretionary spending base


Proximity to master-planned residential communities


Established automotive and hobbyist buyer pool


Limited competitive specialty garage / flex condo inventory



De-Risked Development Position



MUD water rights established - utility pathway established


Drainage engineering reviewed and coordinated


Stormwater detention system designed



Accelerated Timeline to Vertical



Civil engineering substantially advanced


Site layout and building proposal available 


Water rights coordination completed


Reduced pre-construction uncertainty


Improved lender confidence



Multiple Exit Strategies



Retail condominium sell-out


Phased development


Stabilized hold strategy


Bulk disposition to operator