955 Lone Star Pkwy Montgomery, TX 77356
- Land
- 19.60 lot acres
Current Use by Public Records
- Land
Property Details for 955 Lone Star Pkwy
- Lot size
- 19.60 lot acres
- Property type
- Land
Description
This exceptional 19.6-acre tract in Montgomery, Texas, presents a compelling investment opportunity for developers. Located at 955 Lone Star Pkwy, 77356, this commercially and residentially zoned land offers significant potential. The property boasts 820 feet of frontage on Lone Star Parkway and 1,330 feet on Buffalo Springs Drive, including a lighted intersection, ensuring high visibility and accessibility. The asking price is $6,400,000, translating to $7.50 per square foot. Situated within a Planned Development District, the land is ideally suited for a variety of uses, including Build-to-Rent (BTR), multi-family residential, office warehouse, office condos, and retail developments. City of Montgomery utilities are readily available. The property benefits from a competitive 2023 tax rate of 1.968%, making it an attractive proposition for investors. This rare opportunity combines prime location, versatile zoning, and excellent infrastructure in a thriving Texas market. The property's strategic location and extensive frontage provide exceptional development potential. This is a unique chance to acquire a substantial land parcel in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Texas
- Longitude
- -95.6864
- Latitude
- 30.3968
