Listed by eXp Commercial
$600,000
24 Unit Approved Development Site | 4.29 Acres | Conroe TX
Details
APN 0212-00-04600
Property Type Land, Multifamily
Sub Type Residential
Square Footage 187,090
Units 24
Pro-Forma Cap Rate 1.00%
Pro-Forma NOI $1
Price per SqFt $3
Price Per Acre $174,000
Year Built N/A
Year Renovated 0
Acreage 4.300
Zoning Multifamily Residential
Ownership Vacant Land
Sale Condition For sale by owner
Prime 24-Unit Approved Multifamily Development Site | 4.29 Acres | Conroe, TX
Marketing description
Rare opportunity to acquire a shovel-ready, entitled multifamily development site in one of Conroe’s fastest-growing submarkets. This ±4.29-acre property is approved for up to 24 residential units, offering a streamlined path from acquisition to vertical construction.
Strategically located with convenient access to major transportation corridors, employment centers, retail, and schools, this site is ideally positioned to meet the area’s increasing housing demand.
- This opportunity is well-suited for developers and investors seeking a high-demand residential project with reduced entitlement risk and strong long-term upside.
Investment highlights
🔑 INVESTMENT HIGHLIGHTS
- ±4.29 Acres (187,090 SF)
- Approved for 24 Multifamily Units
- Approx. $31,200 per Unit
- Approx. $139,697 per Acre
- City Water & Sewer Available
- No Water Moratorium (Rare Advantage)
- Flat, Usable Topography (Lower Development Costs)
- Asphalt Road Access
- Strong Residential Growth Corridor
📍 LOCATION ADVANTAGES
Situated in a rapidly expanding Conroe submarket within Montgomery County, the property benefits from:
- Proximity to major highways and commuter routes
- Nearby retail centers, schools, and employment hubs
- Strong population growth and housing demand
- Ideal positioning for both rental and for-sale residential product
💡 WHY THIS DEAL STANDS OUT
- Entitlements in place → Saves time & reduces risk
- Attractive price per unit → Developer-friendly economics
- Scalable project size → Ideal for mid-size builders
- High-demand location → Strong absorption potential
Contact us today for OM, survey, and full due diligence package.
- Seller is motivated and open to reviewing all offers.
Listing Contacts
Listed by eXp Commercial
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