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Bill Gardner
Bill Gardner
Gardner Realty
Available

DEVELOPMENT PROPERTY WITH INCOME

13952 Old Highway 59, Splendora, Texas 77372 - Montgomery County
$998,000 3.28 Acres
Property ID 2936353

Description

DEVELOPMENT PROPERTY WITH INCOME!! Let the income from this 3.28 acres with Highway 59 & Old Hwy 59 frontage pay your investment while you wait to develop. Now used as Mini storage units + mobile home park. 5 minutes from Grand Texas theme park; next to proposed motel; City water & sewer; NO FLOODING; LOW TAXES. Improvements are 20,700 sf in 138 units of mini storage spaces, 24 mobile home space, 16 rented, 9 park owned. Additional electrical for expansion. 81% occupied, 7.125% Cap Rate.

Directions

North on Highway 59, Exit CR 370 turn right. Right on Old Highway 59, property will be on your right about 1/4 mile.

Land

Lot Description
Acreage

Road Frontage Desc
City
State

Topography
Level

Property Tax Exemption
No

Street/Utilities
Asphalt
City Sewer
City Water

Type of Fence
Chain Link

Proposed Use
Commercial

Surface Rights
All

Will Subdivide
No

Tax Data (Show Tax Data)

Contact Agent

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Bill Gardner

Gardner Realty

9901 Kleppel
Tomball, TX 77375

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