23019 Tx-242 Roman Forest, TX 77357
This exceptional 10.556-acre commercial land parcel presents a remarkable investment opportunity in Montgomery County, Texas. Boasting 662 feet of frontage on heavily trafficked Highway 242, this property is strategically positioned for a variety of commercial uses, including restaurants, retail establishments, or medical offices. The high visibility location ensures significant exposure to a substantial daily traffic volume, with 79,819 vehicles passing US 59 and 8,509 vehicles utilizing Hwy 242 itself. Its advantageous location within an Opportunity Zone provides additional investment incentives. The property enjoys convenient access to key amenities such as Big Rivers Water Park and the Grand Parkway RV Resort, enhancing its appeal and potential for success. Furthermore, its proximity to major transportation arteries adds to its strategic value: a mere 5.5 miles from Hwy 99, 15 miles from George Bush Intercontinental Airport (IAH), and a short 30-minute commute to Downtown Houston. The property's APN is 0382-00-00109, and it's located at 23019 TX-242, New Caney, TX 77357, within Roman Forest. The asking price for this prime commercial land is $2,495,800. This is an unparalleled opportunity to capitalize on the robust growth and development in this thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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