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    Tx-242 Conroe, TX 77357

    For Sale
    $5,625,000

    19 Acres, High Traffic Location, Seller Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 19.175-acre commercial land parcel presents a remarkable investment opportunity in the thriving New Caney, Texas market. Boasting 465.81+/- linear feet of frontage on the heavily trafficked Highway 242, this property enjoys unparalleled visibility and accessibility. Its strategic location places it in close proximity to popular attractions such as Big Rivers Water Park, SpeedSportz Raceway, and Grand Parkway RV Resort, ensuring high foot traffic and potential for significant returns. The property's proximity to The Food Zone further enhances its commercial viability. Convenient access to Highway 99 (Grand Parkway) is just 5.5 miles away, providing seamless connectivity to major transportation arteries. Furthermore, Houston and George Bush Intercontinental Airport (IAH) are a mere 15 miles distant, underscoring the property's strategic location within a rapidly growing region. The property is situated in an Opportunity Zone, offering potential tax advantages. The asking price is $5,625,000, and seller financing is available, making this an attractive proposition for discerning investors. The APN is 0382-00-00113. The land value is $6.73 per square foot. This property is zoned for commercial use in Montgomery County, Texas, zip code 77357.

    Property Features for 0 Tx-242

    General Information

    Property type
    Land
    Lot Size
    835,263 SF

    HighLights

    • $5,625,000 asking price for 19.175 acres of commercial land.
    • Land value: $6.73/SF.
    • APN: 0382‑00‑00113.
    • 465.81+/- feet of frontage on high‑traffic Hwy 242.
    • Near Big Rivers Water Park, SpeedSportz Raceway, Grand Parkway RV Resort, and The Food Zone.
    • 5.5 miles from Hwy 99 (Grand Parkway) and 15 miles from Houston and IAH Bush Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.208996583541
    Latitude
    30.191722033747

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    FAQs

    What type of property is this?
    Land - 19 Acres, High Traffic Location, Seller Financing
    Where is this land located?
    The property is located at Tx-242 Conroe, TX.
    What is the asking price?
    The asking price for this property is $5,625,000.
    What are key features of this property?
    This property features: $5,625,000 asking price for 19.175 acres of commercial land.; Land value: $6.73/SF.; APN: 0382-00-00113.
    Request Owner's contact information
    Tx-242 Conroe, 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
    Tx-242 Conroe, TX 77357
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