Overview
This 2,592 square foot freestanding steel retail building in Conroe, Texas, presents a compelling investment opportunity. Located at 1614 N Frazier Street, this Class C property sits on approximately 0.26 acres and boasts prime road frontage with exceptional visibility on a high-traffic thoroughfare, experiencing over 15,000 vehicles daily. The building is currently vacant and offers flexible use options, suitable for flex space, quick-service restaurants (QSR), or traditional office use. The asking price is $400,000, translating to $154.32 per square foot. This owner-user opportunity is ideally situated near numerous nationally recognized retailers, including McDonald's, Kroger, Walmart, Sam's Club, Target, Home Depot, and Subway. The surrounding area demonstrates strong demographics, with over 96,000 residents, 50,000 daytime employees, and nearly 4,600 businesses within a five-mile radius. Average household income exceeds $111,000 annually, and total consumer spending surpasses $3.4 billion annually within a ten-mile radius. The property's location offers significant potential for leasing, repositioning, or redevelopment, making it an attractive investment for both owner-users and investors seeking to capitalize on a thriving commercial market. The building is available for occupancy on May 28, 2024. An adjacent property, a former fast-food restaurant, is also available for sale.
