518 Mill Ave Conroe, TX 77301
- Commercial real estate
- 3,300 SF
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 518 Mill Ave
- Year built
- 1984
- Lot size
- 0.36 lot acres
- Property size
- 3,300 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conroe
- County
- Montgomery
- State
- Texas
- Longitude
- -95.4616942
- Latitude
- 30.3037146
