0 Foster Dr Conroe, TX 77301
This exceptional 35-acre commercial land parcel presents a unique investment opportunity in the thriving Conroe, Texas market. Strategically located at the northeast corner of East Highway 75 and Foster Drive, this property boasts approximately 1,300 feet of frontage along Foster Drive, providing significant visibility and accessibility. The site offers convenient access to Interstate 45 via ramps located less than half a mile away, ensuring seamless connectivity to major transportation arteries. Additionally, direct access to Gladstell Drive further enhances its logistical advantages. City of Conroe sewer and water services are available, simplifying development plans. While the majority of the land is readily available for development, it's important to note that approximately four acres are currently subject to a restriction by Exxon. The asking price is $5,336,100, translating to a land value of $3.50 per square foot. This property's prime location, substantial size, and readily available infrastructure make it an ideal site for a wide range of commercial ventures. Detailed information regarding the four-acre restriction is available upon request. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area of Montgomery County.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.