This exceptional 17.81-acre commercial and industrial land parcel is strategically located at the southwest corner of Highway 242 and FM 1485 in Conroe, Montgomery County, Texas (APN: 0386-00-001110). Offered at $5,600,000 ($7.22/sq ft), this property benefits from its position in a high-traffic, high-growth area. The Highway 242 roadway expansion project is nearing completion, further enhancing accessibility and visibility. The site enjoys close proximity to established communities like ARTIVIA and Harrington Trails, adding to its desirability. Recreational attractions such as the Grand Texas Theme Park are only six miles east on Highway 59. Excellent connectivity is ensured by easy access to FM 1314, I-45, and I-69 (Highway 59). Commuting to Valley Ranch (Highway 59/I-69 and Grand Parkway/Highway 99) takes approximately 12 minutes, while Houston and George Bush Intercontinental Airport (IAH) are reachable within 18 minutes. This property's location within an Opportunity Zone presents significant investment potential. The zip code is 77306. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area with excellent infrastructure and strong growth prospects.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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