Unpriced
Prime Development Site on State Highway 242
Details
APN R529469
Property Type Land
Sub Type Residential, Commercial
Tenancy Vacant
Acreage 22.230
Zoning None - Restricted Covenants in place
Investment Type Redevelopment
Ownership BAY MOUNTAIN FUND I LLC
Land | 22.23 acres
Marketing description
Newmark has been exclusively retained to represent the Seller in the disposition of ±22.23 acres at SH 242 and Sherwood Forest Drive ("Property", "Offering"). All inquiries about the Property should be directed to Newmark.
Subject property is an approximately 22.23-acre mostly cleared tract of land along State Highway 242. The jurisdictions that must review and approve plans for the proposed development are Montgomery County, East Montgomery County Municipal Utility District (MUD) No. 4, and Texas Department of Transportation (TxDOT).
Investment highlights
- Cleared Development Site within a MUD
- No zoning with few use restrictions enables flexibility of development
- Close Proximity to new attractions and development with visibility from Eastex Freeway
Listing Contacts
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
