23001 Tx-242Roman Forest, TX 77357

Property Details for 23001 Tx-242

Lot size

22.23 AC

Property type

Land

Description

This exceptional 22.23-acre tract of land presents a remarkable investment opportunity in Montgomery County, Texas. Located at 23001 TX-242, New Caney, 77357, this property boasts direct access to SH 242 and close proximity to the Eastex Freeway, ensuring excellent visibility and accessibility. Served by East Montgomery County MUD 4, utilities are available on-site. While there is no permitted zoning, restricted covenants are in place. The property is situated outside the flood plain, with mostly off-site detention provided, although a portion of a detention pond/drainage easement is located on the site. The tax rate is 3.7104%, and the property falls within the Splendora ISD. This prime development site offers significant potential for a variety of uses, including retail, multi-family, build-to-rent, single-family residential, RV park, self-storage, manufactured housing, and more. The property's strategic location, coupled with strong surrounding demographics and high single-family home values, makes it an ideal investment for developers seeking a high-return opportunity. Note that restrictions are in place prohibiting certain uses, including grocery stores, convenience stores with food departments exceeding 1,500 square feet, pharmacies, fuel stations, car washes, telecommunication towers, pawn shops, adult bookstores, schools, and churches. The APN is R529469, and the legal description is A0434 - Peters H A, TRACT 8A-2. Ownership is held by Bay Mountain Fund I LLC.

Location Insight

City

Roman Forest

County

Montgomery

State

Texas

Latitude

30.1927

Longitude

-95.2042

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