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Prime Commercial Land on Hwy 242

23404 Hwy 242, New Caney, TX 77357

For Sale
Contact for pricing

1.3+/- acre commercial land with frontage on Hwy 242.

Property SizeContact for details
Lot Size1.30 Acres
Days on Market712

Property Features for 23404 Hwy 242

General Information

Standard status Active
Lot size 1.30 Acres
Property subtype Land, Office, Retail
Listing Agency: Anne Vickery Real Estate
Listed By: Anne Vickery · License TX #9005105
Source: Crexi
Added: Dec 3, 2024 Changed: Nov 6 Last Checked: Nov 12 at 4:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anne Vickery Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 1.3+/- acre commercial land is located in a high-growth area on the heavily traveled Hwy 242 corridor. The site offers approximately 316+/- feet of frontage on Hwy 242, with easy access to I-69 (Hwy 59). It is adjacent to a newly built McDonalds. Offsite detention and utilities are provided by East Montgomery County MUD 4. The property is suitable for various commercial ventures and business types, including retail, office, banks, medical facilities, coffee and donut shops, quick-service restaurants, and other restaurants. It is positioned to serve the East Montgomery County market. The location is near The Food Zone, Speedsportz Raceway Park, and Big Rivers Water/Gator Bayou Adventure Park, as well as residential developments. The property is 5.5 miles from Hwy 99 (Grand Pkwy), 15 miles from IAH Bush Airport, and 30 minutes from Downtown Houston.

Key Highlights

  • Prime commercial land in a high‑growth area on Hwy 242.
  • Approximately 316 ft of frontage on Hwy 242.
  • Easy access to I‑69 (Hwy 59).

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Parking Lot & Garage HVAC Service Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

112
Businesses Nearby

Demographics for 77357, TX

30,339
Population
12,638
Households
2.4
Avg Household Size
34
Median Age
15%
College-Educated
80%
High-School Grad
67.1 sq mi
ZIP Area
452
Density / Sq Mi
$73,773
Median Household Income
$40,211
Median Earnings
$1,366
Median Rent
$218,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in New Caney

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - 1.3+/- acre commercial land with frontage on Hwy 242.
Where is this commercial land located?
The property is located at 23404 Hwy 242 New Caney, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime commercial land in a high‑growth area on Hwy 242.; Approximately 316 ft of frontage on Hwy 242.; Easy access to I‑69 (Hwy 59).
(281) 732-4071 Call to check price and availability
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