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    Foster Dr Conroe, TX 77301

    For Sale
    $5,336,100

    Prime 35-acre commercial tract in Conroe.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 35-acre commercial land parcel presents a unique investment opportunity in the thriving Conroe, Texas market. Strategically located at the northeast corner of East Highway 75 and Foster Drive, this property boasts approximately 1,300 feet of frontage along Foster Drive, providing significant visibility and accessibility. The site offers convenient access to Interstate 45 via ramps located less than half a mile away, ensuring seamless connectivity to major transportation arteries. Additionally, direct access to Gladstell Drive further enhances its logistical advantages. City of Conroe sewer and water services are available, simplifying development plans. While the majority of the land is readily available for development, it's important to note that approximately four acres are currently subject to a restriction by Exxon. The asking price is $5,336,100, translating to a land value of $3.50 per square foot. This property's prime location, substantial size, and readily available infrastructure make it an ideal site for a wide range of commercial ventures. Detailed information regarding the four-acre restriction is available upon request. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area of Montgomery County.

    Property Features for 0 Foster Dr

    General Information

    Property type
    Land
    Lot Size
    1,524,600 SF

    HighLights

    • City of Conroe utilities available.
    • 4‑acre site; portion subject to Exxon restrictions.
    • Excellent location at the northeast corner of Hwy 75 and Foster Dr, Conroe, TX.
    • ±1,300 feet of frontage along Foster Drive.
    • Less than 0.5 miles to I‑45 access ramps.
    • Direct access to Gladstell Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4428469
    Latitude
    30.2931122

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    FAQs

    What type of property is this?
    Land - Prime 35-acre commercial tract in Conroe.
    Where is this land located?
    The property is located at Foster Dr Conroe, TX.
    What is the asking price?
    The asking price for this property is $5,336,100.
    What are key features of this property?
    This property features: City of Conroe utilities available.; 4-acre site; portion subject to Exxon restrictions.; Excellent location at the northeast corner of Hwy 75 and Foster Dr, Conroe, TX.
    Request Owner's contact information
    Foster Dr 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
    Foster Dr Conroe, TX 77301
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