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Property profile & analytics
OFF-MARKET
Land

0 Foster Dr Conroe, TX 77301

35 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 35 ac (1,524,600 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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