The Tomball Economic Development Corp. closed on the purchase of the 4.63-acre First Baptist Church Tomball property April 12, the TEDC announced in a news release. The TEDC acquired the property for $4.59 million and is leasing the property back to the church for three years.

Community Impact previously reported that First Baptist Church Tomball has been on the market on and off since 2003 when the church bough 32 acres in 2003 for a new home near Quinn Road and Hwy. 249.

First Baptist Church Tomball will build a new campus on land near Hwy. 249 and relocate to the new property when finished, which is expected to be in summer 2025, Community Impact previously reported. Until then, the church congregation will remain at the Old Town campus.

Located at 401 Oxford St. in Old Town Tomball, the property purchase is in line with the TEDC's strategic plan goal to encourage growth and investment in Old Town, according to the release.

“This investment is impactful for Tomball and the future of development in Old Town. We are excited by the potential this property offers to enhance commerce and culture in the heart of Tomball,” TEDC Executive Director Kelly Violette said in the April 12 news release.

Violette previously said the TEDC has no immediate plans for the church campus, and the TEDC will evaluate the potential uses of the site, which could include a municipal use or be privately redeveloped.

“The TEDC’s purchase of the First Baptist Church property is a win-win for everyone involved,” Tomball Mayor Lori Klein Quinn said in the release. “The city of Tomball cherishes Old Town and we anticipate this investment will bring new opportunities to enjoy our city’s culture and charm.”