Office/Healthcare Building

Conroe, TX

Property Overview

Summary

Sales Price: $1,718,850.00
Price/SF: $150.00/SF
Occupancy: 50%

OLDHAM GOODWIN is pleased to present Longmire Professional Village in Conroe, Texas for sale. The property is a two-story office/healthcare building located less than a half mile to North Loop 336, Highway 105, and Interstate 45 for easy access and convenience for patients and/or staff. The building is anchored by Cole Pediatric Therapy occupying half the building. The property presents a value-add purchase opportunity for investors with the lease up of the last vacancy, as well as an opportunity for a partial owner occupant.

Property Highlights

Conroe is growing at a rate of 5.23% annually, has grown nearly 25% since 2020 (worldpopulationreview.com), and was recently recognized as the 10th fastest growing suburb in the US (Houston Chronicle)

Conroe is 40 miles north of Houston and 10 miles to The Woodlands

Walmart, HEB, Lowe’s and many other retailers are 1.5 miles or less away

The existing vacancy was improved to a coworking office less than two years ago.

Easy conversion to general office or medical office space.

Value add opportunity for owner/user or owner with tenant-in-tow

COLE PEDIATRICS:

Cole Pediatric makes up 50% of the leasable area of the property

23 locations and 20+ years of growth

In place over 7 years with 2.5 years remaining on current lease