DEVELOPMENT OPPORTUNITY Approximately 1.34-acre development site at 109 Ellis Ave. in Seabrook's Point District. Ownership seeks a high-quality tourism focused development. Hospitality and restaurant concepts are of particular interest, while compatible commercial, retail, office, entertainment and mixed-use proposals will also be considered. SITE ATTRIBUTES & FLOOD CHARACTERISTICS • Ownership estimates site elevations of approximately 18 to 20 feet above base elevation. • Current FEMA mapping places the property in shaded Zone X, the 0.2%-annual-chance or “500-year” flood area, outside FEMA's Special Flood Hazard Area. Nearby waterfront properties are mapped Zone VE coastal high-hazard areas in the 100-year flood area. • Portions of the property line are improved with riprap. • Electricity, public water and public sewer are available; capacity upgrades may be required depending on the proposed development. • Elevation, drainage, flood status, utility capacity and site conditions should be independently verified. AREA LOCATION, VIEWS & CONNECTIVITY • Commanding views across the Clear Lake Channel toward the Kemah Boardwalk. • The Clear Lake Channel serves as the navigable entrance connecting Clear Lake with Galveston Bay and carries significant recreational boating activity. • Clear Lake is widely recognized as one of the nation's largest recreational boating centers, with more than 7,000 boat slips throughout the region. • Kemah, directly across the channel, attracts more than 4 million visitors annually for waterfront dining, entertainment, shopping and events. • Adjacent to the expanded SH 146 bridge corridor with pedestrian connectivity to Kemah and Old Seabrook. • Frontage on streets Ellis and Bath; both streets run parallel and connect to Waterfront Drive. • Existing vehicular access from Ellis. Potential Bath access is subject to design and governmental approval. • The subject property does not directly abut the water. BOATING & TOURISM ACTIVITY • The channel is a focal point for regional boating and annual events, including the Christmas Boat Lane Parade and Yachty Gras. • The Christmas Boat Lane Parade features more than 60 decorated boats and has historically attracted approximately 100,000 spectators throughout the Clear Lake area. • Yachty Gras brings more than 30 decorated boats through the Clear Lake/Kemah area during Mardi Gras season. • A planned, approximately $4 million TxDOT-funded Seabrook Boat Ramp Replacement is expected adjacent to the property. Project timing remains subject to permitting and TxDOT's construction schedule. CITY VISION & ZONING • Located within Seabrook's “MMU” Marine-Oriented Mixed Use and Point Overlay districts. • Applicable zoning supports select hotel, restaurant, hospitality, retail, professional-office and entertainment uses, subject to use-specific approvals and development requirements. • Seabrook's adopted 2040 Comprehensive Master Plan envisions The Point as a pedestrian-oriented destination for restaurants, unique businesses and entertainment. EXISTING IMPROVEMENTS • Two existing buildings totaling approximately 1,532 SF were previously used as guest houses. • Concrete gazebo on slab. • Structures may remain or be removed after lease execution and satisfaction of tenant due-diligence conditions. LEASE TERMS • Long-term NNN ground lease. • Rent, development-period concessions and possible percentage-rent participation are negotiable based on the proposed use, capital investment, development schedule and tenant qualifications. Prospective tenants should independently verify zoning, FEMA flood designation, elevation, access, utilities, parking, permitting and development feasibility.