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    22780 Tx-242 New Caney, TX 77357

    Sponsored
    For Sale
    $958,219

    1.05 Acres, High Traffic Location, $958,219

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in the rapidly growing New Caney, Texas market. Boasting 148 feet of frontage on the high-traffic Texas State Highway 242, which connects Highway 59 to Interstate 45, this property enjoys unparalleled visibility and accessibility. Situated in Montgomery County, with APN 6968-00-00200, the land is priced at $20.95 per square foot, totaling $958,219. Utilities are readily available through MC MUD #4. The location offers convenient proximity to key attractions and amenities, including Big River Water Park, Grand Parkway RV Resort, Speed Street Raceway, and the Valley Ranch Shopping Center. Furthermore, its strategic position provides easy access to Interstate 69 (Highway 59) and Highway 99 (Grand Parkway), enhancing its logistical appeal. Adding to its desirability, this property is located within an Opportunity Zone, presenting potential tax advantages for investors. The area's proximity to Houston and George Bush Intercontinental Airport (IAH), approximately 15 miles away, further underscores its investment potential. This prime commercial land is ideal for a variety of uses, making it an exceptional opportunity for savvy investors seeking high-growth potential in a thriving Texas market.

    Property Features for 22780 Tx-242

    General Information

    Property type
    Restaurants
    Lot Size
    45,738 SF

    HighLights

    • $958,219 asking price for 1.05 acres of commercial land.
    • Located in New Caney, Texas, with a Montgomery County address (APN 6968‑00‑00200).
    • Land priced at $20.95/SF.
    • 148 feet of frontage on high‑traffic TX‑242, connecting Hwy 59 to I‑45.
    • Situated in a rapidly growing area with convenient access to major roadways (I‑69, Hwy 99, I‑45) and nearby amenities.
    • Utilities provided by MC MUD #4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Caney
    County
    Montgomery
    State
    Texas
    Longitude
    -95.201206312947
    Latitude
    30.192043509311

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    FAQs

    What type of property is this?
    Restaurant - 1.05 Acres, High Traffic Location, $958,219
    Where is this restaurant located?
    The property is located at 22780 Tx-242 New Caney, TX.
    What is the asking price?
    The asking price for this property is $958,219.
    What are key features of this property?
    This property features: $958,219 asking price for 1.05 acres of commercial land.; Located in New Caney, Texas, with a Montgomery County address (APN 6968-00-00200).; Land priced at $20.95/SF.
    Request Owner's contact information
    22780 Tx-242 New Caney, TX 77357
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    New Caney, TX 77357
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22780 Tx-242 New Caney, TX 77357
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