15.62 Acre Unrestricted Land

15040 FM 2854 Rd | Montgomery | TX | 77316


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Confidentiality Agreement

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Property Highlights

    • ​Land has been cleared and is ready for your business.
    • ​Great visibility and less than 2.5 miles from Lake Conroe.
    • ​Owner does have a recent survey as well as topo work and engineering plans for Boat & RV with Mini Climate Storage facility that can be given to the new owner.
    • ​Water is available to the site through Mid South.
    • ​There is a 60' (14' X 48') billboard on the property that the owner would like to retain.
    • ​Seller will consider owner financing.
    • ​Traffic along FM 2854 exceeds 13,000 VPD.
    • ​Location is surrounded by numerous planned and proposed/future residential and mixed use developments and is less than 2.5 miles to Lake Conroe.
    • ​CISD building new middle school campus on McCaleb to be finished in 2022.
    • ​Population growth within 3 miles will exceed 18% by 2025.
    • ​Average household income within 3 miles exceeds $116,000.

Property Details

  • Price: $ 2,950,000
  • Transaction Type: For Sale
  • Property Type: Land
  • Lot Size: 15.62 AC
  • Zoning Description: None
  • APN/Parcel ID 0527-00-00415; 0527-00-00410
  • Availability: Available

Property Description

Conroe is a rapidly growing city located in the southeast portion of the great state of Texas.​ It is the seat of Montgomery County and a principal city in the Houston–The Woodlands–Sugar Land metropolitan area.​ It is about 40 miles north of Houston and 10 miles north of The Woodlands.​ As of 2019, total population exceeded 91,000 up from 65,000 in 2010, a 39% increase.​ From 2017 to 2022, the Lake Conroe area is expected to gain an additional 18,000 new residents and 221,947 new residents between the years 2025 and 2045.​

Additionally there are 83,037 new homes expected to be built within the Lake Conroe area between 2025 and 2045 coupled with an increase of 86,992 jobs.​ There are numerous attractions found in this city, however the main driver and destination of weekend traffic is the 22,000 acre man made Lake Conroe.​

Storage facilities in the area serve customers from a large territory.​ For boat & RV facilities the primary market area (PMA) might be up to a 30 minute drive to the facility which includes most of Montgomery County and a small part of Harris County.​ It is estimated there are up to 15,300 RV’s and 19,660 boats registered in the PMA providing ample demand for storage near the lake.​

This location would be ideal for multi-family, storage, office/warehouse or an RV park.​

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Financial Summary

Investment Highlights

Price $2,950,000.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $2,950,000.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00