19786 Hwy 105th W Montgomery, TX 77356-5632
The Colonnade on Lake Conroe, located at 19786 Hwy 105 W in Montgomery, Texas 77356, presents a unique opportunity for retail businesses. This Class C retail center, built in 2005, boasts a total of 27,125 square feet across two buildings, situated on a 2.25-acre lot. The property features seven suites, with two spaces currently available, ranging from 1,875 to 3,000 square feet. Its zoning designation is 3. The center enjoys a high-profile location, benefiting from an average daily vehicle count exceeding 25,000, indicative of a strong and growing market. A significant advantage is the presence of a steady anchor tenant, the Magnolia Diner, contributing to consistent foot traffic and visibility. This makes The Colonnade an ideal location for businesses seeking high exposure and a thriving customer base. The property's multiple tenancy structure offers flexibility for various retail, restaurant, or office uses. This is a prime opportunity to establish or expand a business in a dynamic and rapidly developing area of Montgomery, Texas. The property's location offers excellent accessibility and visibility along Hwy 105 W.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
3 · Montgomery, TXCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.