20715 Telge Rd Tomball, TX 77377
This exceptional 14.095-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Tomball, Texas market. Situated on FM 2920, west of Telge Road, this property boasts a strategic location less than two miles from the city of Tomball and just one mile north of the Grand Parkway, ensuring high visibility and accessibility. The site benefits from exceptional daily traffic counts averaging 27,092 vehicles, further enhanced by a soon-to-be signalized intersection. This intersection is poised for significant development with a proposed new road creating two hard corners, ideal for commercial development. The property's potential is amplified by the proximity of city utilities, making PID (Planned Industrial District) development a viable option. Utility construction and design are currently underway, streamlining the development process. This location is perfectly suited for Class A retail space, capitalizing on the area's robust growth and high traffic volume. Furthermore, a proposed major residential development nearby promises a strong and expanding customer base. This is a rare opportunity to acquire a large, well-positioned commercial tract in a thriving Texas community. The asking price is $9,209,346.30. The property is located in Harris County, Texas, with the address being 20715 Telge Rd, Tomball, TX 77377.
Cap rate
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Property description
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Risks
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