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    I-45 & Plantation Dr Conroe, TX 77303

    For Sale
    Contact for pricing

    20-acre prime development site, I-45 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 20-acre commercial land parcel presents a unique investment opportunity in the thriving Conroe, Texas market. Located at the intersection of I-45 and Plantation Drive, this property boasts unparalleled visibility and convenient access to major transportation arteries. Situated behind established businesses like Gringos and Cheddar's, this site benefits from existing infrastructure and high traffic counts. The property is ideally suited for build-to-rent or multi-family development, offering significant potential for high returns. Utilities and access roads are already in place, streamlining the development process and minimizing upfront costs. With an allowable density of 20 units per acre, this expansive tract offers the potential to create a substantial residential community. The location in Montgomery County, Texas, zip code 77303, provides access to a robust local economy and a growing population. This is a rare chance to acquire a large, well-positioned commercial land parcel ready for immediate development in a highly desirable area. The property's waterfront location adds further appeal and potential for unique design elements. Don't miss this opportunity to capitalize on the strong demand for housing in the Conroe area.

    Property Features for 0 I-45 & Plantation Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    871,200 SF

    HighLights

    • 20‑acre commercial land parcel in Conroe, TX, at I‑45 & Plantation Drive.
    • High visibility and convenient access to major transportation arteries, near established businesses.
    • Ideal for build‑to‑rent or multi‑family development; 20 units per acre density allowed.
    • Existing infrastructure, utilities, and access roads minimize development costs.
    • Located in Montgomery County, TX (zip code 77303), offering strong local economy and growing population.
    • Waterfront location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4755159
    Latitude
    30.34318847

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    FAQs

    What type of property is this?
    Multifamily property - 20-acre prime development site, I-45 access.
    Where is this multifamily property located?
    The property is located at I-45 & Plantation Dr Conroe, TX.
    What are key features of this property?
    This property features: 20-acre commercial land parcel in Conroe, TX, at I-45 & Plantation Drive.; High visibility and convenient access to major transportation arteries, near established businesses.; Ideal for build-to-rent or multi-family development; 20 units per acre density allowed.
    (713) 438-9516
    Request Owner's contact information
    I-45 & Plantation Dr Conroe, TX 77303
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    Conroe, TX 77303
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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
    I-45 & Plantation Dr Conroe, TX 77303
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