518 Mill Ave Conroe, TX 77301
This exceptional Conroe, Texas restaurant presents a unique investment opportunity. The property features a 3,300 square foot building on a 0.36-acre corner lot, offering high visibility and accessibility. Currently operating as a multi-tenant property with four tenants, including a taqueria and an ice cream shop, the property provides diverse income streams. The building, constructed in 1984, includes ample parking for 10 vehicles and a potential drive-through option. The property is zoned for commercial use and offers significant potential for expansion, including online ordering and delivery services, and the addition of outdoor dining. With its proven income generation and multiple revenue streams, this property is ideal for both established restaurateurs and aspiring entrepreneurs seeking a turnkey operation with significant growth potential. The asking price is $1,200,000, translating to $363.64 per square foot. This is a rare opportunity to acquire a well-established, multi-tenant commercial property in a thriving Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
Costs & 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.