Conroe TX Development Site
Land | 1.796 acres
Marketing description
Self-Storage Development Opportunity in the rapidly growing city of Conroe, Texas.
This site includes 1.796 +/- acres with approx. 418 feet of frontage along Porter Road and 8,375 cars per day, as well as visibility from S Loop 336 with over 28,997 cars per day. Located next to the corner of Porter Rd and S Loop 336, this site is between the Valero gas station and Urban Oaks, a newer apartment complex.
This site has in place strong demographics with over 42,000 residents in 3 miles and AHHI of $94,932. The market area continues to see massive growth, with a population increase of 61.83% since the 2010 census, according to World Population Review. Major residential projects underway total over 11,500 housing units in various stages of development (see maps pg 7).
The proposed project includes a 3-story 95,700 GSF | 74,750 NRSF | 702 units of class A climate-controlled self-storage. The sale is contingent upon the Seller providing this fully site plan approved site with permits.
Investment highlights
Shovel ready Self-Storage Development Opportunity on 1.796 +/- acres in Conroe, TX
Proposed 3-story 95,700 GSF | 74,750 NRSF | 702 Units of Class A climate-controlled storage
Located on Porter Road with 8,375 AADT and visibility from S Loop 336 E with 28,997 cars per day
Population 42,197 and AHHI $94,932 within 3 miles
Population growth of 61.83% since 2010 according to World Population Review
Massive residential development underway with multiple Master Planned Developments totaling over 11,500 home sites
No Class A comps within the market area
Sale contingent upon Seller providing site plan approval and permits
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