INVESTMENT PROPERTY

8.70 Acre - 2620 I-45 S, NEW WAVERLY, Texas 77358

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Property Description
Three fully Insulated, air conditioned and heated Barndominiums on 8.7 park-like acres along the west-side I-45 Feeder road in New Waverly, Texas, an area of rapid development. 
The Land:
Surveyed 8.7 gently rolling acres (#18790 on attached Marsh Survey Aerial View) butting up to an 85′ wide swath of land that is part of an adjoining large acreage (#18785, outlined in blue) and which connects that acreage to the I-45 Frontage Road, logically indicating this as a corner property waiting to happen! When it does, this land will have 83.21′ of frontage on I-45 and 1105.78′ of frontage on the connecting road.  From the front of the land, a glance either north or south reveals that this property sits at the crest of a hill, with frontage road and freeway sloping downward in both directions. Approximately 3 acres in front was cleared of undergrowth this past spring back to a wet-weather creek that runs more or less north/south across the property about 700′ from the I-45 Frontage Road. Land beyond the creek remains heavily wooded and continues back for another +/- 500′ and widens to 564.48 feet along the southwest property line. 
 
The Buildings:
Green building was built in 2003, is 1200 s.f. and is currently rented for $950.00 per month. Has 12′ eaves, full kitchen with stove, refrigerator and stacked washer & dryer, bathroom with shower, and loft area, with 1 single and 1 double personnel entry door, 10’x10′ windows and steel security shutters.
 
Red building was built in 2008, is 1800 s.f. and is currently rented for $950.00 per month. Has 12′ eaves, full kitchen with stove, refrigerator and washer/dryer connections, full bath with tub/shower, (2) loft areas, (2) 10’x10′ all-glass overhead doors with sliding steel security shutters (one grade level and one dock high), and a loading dock.
 
Tan building was built in 2010, is 1500 s.f. and is currently rented for $1050.00 per month. Has 12′ eaves, full kitchen with stove, refrigerator and washer/dryer connections, full bath with tub/shower, (2) loft areas, (2) 10’x10′ all-glass overhead doors with sliding steel security shutters (one grade level and one dock high), and a loading dock. 
 
All three buildings are in very good condition, are light and bright with multiple large windows set high in the walls and looking out into the treetops.
 
Buildings are incredibly popular with renters who see them as great spaces to live and make art, play music, write the next best-selling novel, invent something or do whatever they do best. The three buildings occupy only a small portion of this nearly 9 wooded acres set amid the beautiful hills of south Walker County, Texas, which means there is plenty of room to expand or, right now and as-is, to explore the existing trails and enjoy the outdoors. Huntsville State Park is just 5 miles up the road, and the Sam Houston National Forest and shore of Lake Conroe is even closer to the southwest. Bicycle riders note that scores of riders converge on this area from all around the world to ride this section of the I-45 feeder road in preparation for such tests of endurance as the Tour de France. Property is about a 13 minute drive from Sam Houston State University, and Google Map estimates a 27 minute drive to The Woodlands and a 54 minute drive to the center of downtown Houston. 
Basic Details
Property Type : Multi-Family
Listing Type : For Sale
Price : $749,000
Acres : 8.70 Acre
Square Feet : 4500
Address Map
Country : US
State : TX
County : MONTGOMERY
City : NEW WAVERLY
Zipcode : 77358
Street : I-45 S
Street Number : 2620
Longitude : W96° 29' 43.3''
Latitude : N30° 33' 53.9''
Multi-Family For Sale
  • Acres : 8.70 Acre
  • Visits : 409 in 36 days
$749,000
Agent info
Adam Olsen
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