24750 Ford RdPorter, TX 77365

Property Details for 24750 Ford Rd

Year built

1974

Lot size

1.10 AC

Property size (Sq ft)

2,390 SF

Zone code

5

Property type

Bars

Property subtype

Pubs

APN

0660-00-00601

APU

6600000601

Description

This exceptional 1.103-acre commercial land parcel presents a remarkable investment opportunity in the rapidly developing Porter, Texas area. Strategically located near the intersection of Mills Branch and Ford Road, just west of West Lake Houston Parkway, this property benefits from high visibility and convenient access. Ford Road is undergoing significant expansion, transforming into a five-lane roadway extending from Highway 59/69, promising increased traffic flow and enhanced accessibility. This development is poised to cater to the growing demand for retail, shopping, and office spaces in the area. The property's location within an Opportunity Zone further enhances its investment appeal. Previously utilized as a nightclub, the site offers a blank canvas for a diverse range of commercial or even residential development projects. Two driveways directly facing Ford Road provide ample access. With a traffic count of 5,254 vehicles daily on Ford Road and Mills Branch, this location guarantees substantial exposure for any future business. This is an exceptional chance to capitalize on the burgeoning growth of this dynamic area. The property's size and location make it ideal for a variety of uses, offering significant potential for return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $965,798

  6.5%

  $891,506

  7%

  $827,827

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,137,585

  Geo Method

  $1,803,166

• Alternative Use

  Use

  Valuation

  Residential

  $752,018

  Hospitality

  $688,845

  Educational

  $573,111

  Medical

  $592,821

  Retail

  $891,506

Location Insight

City

Porter

County

Montgomery

State

Texas

Latitude

30.09

Longitude

-95.196

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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