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    OFF-MARKET
    Land

    24051 Eastex Fwy, Houston, TX 77339

    2.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 2.75 ac (119,790 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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