
$350,390
NAL Estimated Property Value45814 Hwy 290 Bus, Hempstead, TX, 77445
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About this property
This 45-acre tract sits in the growth path of Prairie View and Waller County, right across from Prairie View A&M University and the Cricket Complex. Developers and investors are watching this corridor for good reason — it’s one of the most active and promising areas for mixed-use, residential, and commercial development along Highway 290. With utilities already on site and highway frontage, this land is positioned for large-scale housing, retail, or university-related projects. The location makes it ideal for university related housing, multi-family, or commercial development supporting PVAMU and the surrounding community. Buyers searching for prime development land near Prairie View A&M, or anyone planning a multi-phase project in the 290 growth corridor, will want to take a close look. The site offers easy access to Houston, Waller, and Hempstead, strong visibility, and direct routes for future expansion.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Hempstead
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