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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

22780 Tx-242 New Caney, TX 77357

1.05 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in the rapidly growing New Caney, Texas market. Boasting 148 feet of frontage on the high-traffic Texas State Highway 242, which connects Highway 59 to Interstate 45, this property enjoys unparalleled visibility and accessibility. Situated in Montgomery County, with APN 6968-00-00200, the land is priced at $20.95 per square foot, totaling $958,219. Utilities are readily available through MC MUD #4. The location offers convenient proximity to key attractions and amenities, including Big River Water Park, Grand Parkway RV Resort, Speed Street Raceway, and the Valley Ranch Shopping Center. Furthermore, its strategic position provides easy access to Interstate 69 (Highway 59) and Highway 99 (Grand Parkway), enhancing its logistical appeal. Adding to its desirability, this property is located within an Opportunity Zone, presenting potential tax advantages for investors. The area's proximity to Houston and George Bush Intercontinental Airport (IAH), approximately 15 miles away, further underscores its investment potential. This prime commercial land is ideal for a variety of uses, making it an exceptional opportunity for savvy investors seeking high-growth potential in a thriving Texas market.

Property profile
Verified
Property type Retail properties & Spaces
Lot 1.05 ac (45,738 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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