Investment Overview

Marcus & Millichap is pleased to offer for sale 3.25 acres off of West Davis Street in Conroe, Texas. The Property is situated directly behind 3500 West Davis Street. The 3.25 acres may be sold together or separate from the Resource Place Shopping Center fronting Davis Street. According to a recent engineering study, the site may be understood as follows: 3.2538 acres minus 0.185 acres of existing pavement (driveway) minus 0.402 acres of utility easements, resulting in 2.667 acres of developable land. If the entire 2.667 acres is developed to become non-impervious, approximately 52,337 cubic feet of detention would be needed, which would use 0.353 acres. This results in approximately 2.314 acres of developable land. The subject property is offered for sale at a price of $779,000, which is $5.50 per square foot on 3.2538 acres. When adjusting for final developable land area, the price is $7.73 per square foot.