0 Tx-242 Conroe, TX 77357
This exceptional 19.175-acre commercial land parcel presents a remarkable investment opportunity in the thriving New Caney, Texas market. Boasting 465.81+/- linear feet of frontage on the heavily trafficked Highway 242, this property enjoys unparalleled visibility and accessibility. Its strategic location places it in close proximity to popular attractions such as Big Rivers Water Park, SpeedSportz Raceway, and Grand Parkway RV Resort, ensuring high foot traffic and potential for significant returns. The property's proximity to The Food Zone further enhances its commercial viability. Convenient access to Highway 99 (Grand Parkway) is just 5.5 miles away, providing seamless connectivity to major transportation arteries. Furthermore, Houston and George Bush Intercontinental Airport (IAH) are a mere 15 miles distant, underscoring the property's strategic location within a rapidly growing region. The property is situated in an Opportunity Zone, offering potential tax advantages. The asking price is $5,625,000, and seller financing is available, making this an attractive proposition for discerning investors. The APN is 0382-00-00113. The land value is $6.73 per square foot. This property is zoned for commercial use in Montgomery County, Texas, zip code 77357.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.