704 Longmire RdConroe, TX 77304

For Sale
$1,718,850

11,458 SF, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This two-story, 11,458-square-foot Class B medical/office building in Conroe, Texas, presents a compelling value-add investment opportunity. Located at 704 Longmire Rd, this multi-tenant property boasts a 50% occupancy rate, anchored by Cole Pediatrics, a long-term tenant occupying half the building with 2.5 years remaining on their lease. Built in 1980, the building features 27 parking spaces and is conveniently situated less than half a mile from major roadways including North Loop 336, Highway 105, and Interstate 45, ensuring easy access for patients and staff. The property includes a recently renovated coworking space (less than two years old), easily adaptable to either general office or medical use. Conroe's robust growth, with a 5.23% annual increase and nearly 25% growth since 2020, positions this asset for significant future appreciation. Its proximity to The Woodlands (10 miles) and major retailers (within 1.5 miles) further enhances its desirability. This property offers potential for both owner-occupancy and lease-up of the vacant space, making it an ideal investment for those seeking a strong return on investment in a rapidly expanding market. The building consists of one structure with two stories.

Highlights

  • Conroe, TX is experiencing robust growth, with a 5.23% annual increase and nearly 25% growth since 2020.
  • The property is conveniently located 40 miles north of Houston and 10 miles from The Woodlands.
  • Major retailers, including Walmart, HEB, and Lowe's, are within 1.5 miles.
  • A recently renovated coworking space (less than two years old) offers immediate value-add potential.
  • The building is easily adaptable for general office or medical use, presenting a strong value-add opportunity for owner-users or those with tenants-in-tow.
  • Cole Pediatrics, a long-term tenant with 2.5 years remaining on their lease, occupies 50% of the building.

Property Details for 704 Longmire Rd

Property type
Other office properties, Medical offices
Square Feet
11,458 SF
Class
B
Year Built
1980
Buildings
1
Stories
2

Location Insight

City
Conroe
County
Montgomery
State
Texas
Latitude
30.3266425
Longitude
-95.4842849
704 Longmire Rd, Conroe, Texas

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704 Longmire Rd
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