Exceptional development opportunity in the heart of Bay City! This 47± acre tract is strategically positioned between Matagorda Regional Medical Center and Bay City High School, placing it in one of the area's fastest-growing commercial corridors. Featuring 741 +/- feet of SH 35 road frontage, nearby city utilities, and the flexibility to be subdivided, this versatile property offers outstanding potential for commercial, medical, retail, hospitality, multifamily, or mixed-use development. Located outside the Bay City limits but within the City's ETJ, the property provides exceptional accessibility and long-term investment potential. Currently utilized for hay production, the property benefits from an agricultural valuation, providing reduced property taxes while maintaining productive agricultural use. Whether you're ready to develop today or secure a premier investment for the future, this property offers an outstanding opportunity to capitalize on Bay City's continued growth.