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    406 Phillips St Conroe, TX 77301

    For Sale
    $595,000

    17,784 sq ft corner lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 17,784 square foot commercial lot presents a remarkable investment opportunity in Conroe, Texas. Situated at the highly visible corner of East Phillips Street and North 4th Street, this property boasts 151 feet of frontage on East Phillips Street and 117 feet on North 4th Street, ensuring maximum exposure for any development. The lot is conveniently located near downtown Conroe, offering easy access to Interstate 45 and Lake Conroe, maximizing visibility and accessibility. City utilities are already in place, significantly reducing infrastructure costs and expediting the development process. Priced at $595,000, or $33.46 per square foot, this land presents a compelling value proposition. Its ideal location and substantial size make it suitable for a variety of commercial or potentially residential ventures. The high traffic count of this busy street guarantees significant visibility for any business established here. This prime corner lot offers an unparalleled opportunity to capitalize on Conroe's thriving market and create a successful enterprise. Don't miss this chance to acquire a piece of Conroe's vibrant commercial landscape.

    Property Features for 406 Phillips St

    General Information

    Property type
    Land

    HighLights

    • High‑visibility corner lot, 117' x 151', suitable for residential or commercial development.
    • Excellent frontage on E Phillips St. and N 4th St.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4517486
    Latitude
    30.3149984

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    FAQs

    What type of property is this?
    Land - 17,784 sq ft corner lot, high traffic area.
    Where is this land located?
    The property is located at 406 Phillips St Conroe, TX.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: High-visibility corner lot, 117' x 151', suitable for residential or commercial development.; Excellent frontage on E Phillips St. and N 4th St.;
    (281) 723-3336
    Request Owner's contact information
    406 Phillips St Conroe, TX 77301
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    Conroe, TX 77301
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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
    406 Phillips St Conroe, TX 77301
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