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    11304 Fostoria Rd Cleveland, TX 77328

    For Sale
    $1,400,000

    Prime 18-acre tract; unrestricted development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 18-acre commercial land parcel in Cleveland, Texas, presents a remarkable investment opportunity. Located at 11304 Fostoria Rd, 77328, this unrestricted property boasts approximately 422 feet of frontage on Fostoria Road and offers convenient secondary access via Sweet Clover Lane. Its strategic location provides easy access to major thoroughfares including Highway 105, US 59, and the Grand Parkway. The land itself has been strategically elevated using fill from on-site pond excavation. Existing infrastructure includes city water, a well, and a three-tank septic system. The property also features several existing structures: a single-story recreational building (circa 1995) with a kitchen, three rooms, three bathrooms, and an oversized carport; a 58' x 22' shop with a half-bath and drive-through access; and a 15' x 23' standalone building suitable for office or storage space. The landscape is beautifully maintained, featuring a variety of mature trees (Oak, Hickory, Pine, Pecan, Black Walnut, Peach, Mulberry, Lemon, Fig, and Persimmon) and open grass pastures. Four man-made ponds add to the property's unique character and potential. The unrestricted zoning allows for a wide range of development possibilities, including multifamily housing, commercial ventures, mixed-use projects, senior housing, recreational facilities, or hospitality and event centers. This versatile property is ready for your vision.

    Property Features for 11304 Fostoria Rd

    General Information

    Property type
    Land

    HighLights

    • ±4,222 feet of frontage on Fostoria Road.
    • Second access point via Sweet Clover Lane.
    • Elevated site; previously raised with fill from pond excavation.
    • Existing utilities: city water, well water, and a three‑tank septic system.
    • Unrestricted zoning, allowing for diverse development opportunities.
    • Convenient access to major roadways including Hwy 105, US 59, and the Grand Parkway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Department Store Kitchen & Bath Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Montgomery
    State
    Texas
    Longitude
    -95.1446631
    Latitude
    30.2793244

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    FAQs

    What type of property is this?
    Land - Prime 18-acre tract; unrestricted development.
    Where is this land located?
    The property is located at 11304 Fostoria Rd Cleveland, 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: ±4,222 feet of frontage on Fostoria Road.; Second access point via Sweet Clover Lane.; Elevated site; previously raised with fill from pond excavation.
    (936) 257-8206
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    11304 Fostoria Rd Cleveland, TX 77328
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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
    11304 Fostoria Rd Cleveland, TX 77328
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