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    24051 Eastex Fwy Houston, TX 77339

    Sponsored
    For Sale
    $2,156,220

    High-traffic Kingwood land, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 2.75-acre commercial land parcel presents a remarkable investment opportunity in the thriving Kingwood area of Houston, Texas. Located at 24051 Eastex Freeway (US 59), this property boasts unparalleled visibility and accessibility. The lot features 298.34 feet of frontage, providing ample space for development. Its strategic location offers convenient access to US 59 and cross access via Forest Center Drive, ensuring high traffic exposure. With a daily traffic count of 125,122 vehicles on US 59, this site is ideally positioned to capitalize on significant consumer traffic. Utilities are readily available, simplifying the development process. The asking price is $2,156,220, translating to a land value of $18 per square foot. Situated in Harris County, Texas, with a zip code of 77339, this property is zoned for commercial use and represents a prime location for a variety of commercial ventures. The property's size and location make it suitable for a wide range of commercial developments, offering significant potential for return on investment. This is a rare opportunity to acquire a high-visibility commercial lot in a rapidly growing area.

    Property Features for 24051 Eastex Fwy

    General Information

    Property type
    Land
    Lot Size
    119,790 SF

    HighLights

    • 2.75‑acre commercial land parcel in Kingwood, Houston, TX.
    • High‑visibility location at 24051 Eastex Freeway (US 59) with 298.34 feet of frontage.
    • Excellent access to US 59 and Forest Center Drive, boasting 125,122 daily vehicle counts on US 59.
    • Utilities available; zoned for commercial use in Harris County, TX (77339).
    • $2,156,220 asking price, $18/sq ft land value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.24929669
    Latitude
    30.06464013

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    FAQs

    What type of property is this?
    Land - High-traffic Kingwood land, excellent visibility.
    Where is this land located?
    The property is located at 24051 Eastex Fwy Houston, TX.
    What is the asking price?
    The asking price for this property is $2,156,220.
    What are key features of this property?
    This property features: 2.75-acre commercial land parcel in Kingwood, Houston, TX.; High-visibility location at 24051 Eastex Freeway (US 59) with 298.34 feet of frontage.; Excellent access to US 59 and Forest Center Drive, boasting 125,122 daily vehicle counts on US 59.
    (713) 438-9516
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    24051 Eastex Fwy Houston, TX 77339
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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
    24051 Eastex Fwy Houston, TX 77339
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