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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

518 Mill Ave Conroe, TX 77301

3,300 SF 0.36 ac lot Built 1984
Property ID
US83-2579092
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1984
Total area 3,300 SF
Lot 0.36 ac (15,682 SF)
UPID US83-2579092
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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