302 Conroe Dr - Assisted Livings FOR SALE


Conroe, TX 77301
$1,200,000 USD
713-882-3195
302 Conroe Dr, Conroe, TX for Sale
$1,200,000 USD
Assisted Livings - FOR SALE
1/35
null | Request Cap Rate

302 Conroe Dr
Conroe, TX 77301


OVERVIEW

Unrestricted Profit-Generating 3385 sqft 11-Bed Assisted Living Facility on ~0.5-acre corner lot by Hwy 75 ~ 1 mile from I-45, Loop 336 & Hwy 105 in Conroe (#1 Boomtown in Texas & 9th Fastest-Growing City in the US). Pentagon-shaped lot with ample road frontage on Conroe Dr (241 ft) & Robinson St (85 ft), paved circle driveway with access to both, & doublewide 2-car paved parking. All city utilities & Generac generator. Tenant occupied & well-maintained (updated in 1990) the facility has spacious living & eating area with on-site staff, 6 bedrooms, 4 ½ bathrooms, living room w/gaslog brick fireplace, den, family room, home office/study, spacious kitchen/dining combo & utility room. Wood frame, brick exterior, slab foundation & composition roof. 350 Sqft screened porch/sunroom off the back porch with view of sitting area & shade trees in the fenced backyard. Storage shed & separate private office building with a/c. Surrounded by local dining/retail/entertainment. Quick access to I-45/Loop 336/Hwy 105 offers easy commute to Conroe-North Houston Regional Airport (4 miles away) & Bush Intercontinental Airport (30 miles away). 7 Miles to outdoor recreation & scenic beauty of Lake Conroe. 17 miles to Hwy 99 (Houston’s Largest Loop connecting 7 counties). 29 Miles to Sam Houston State University/Huntsville. 45 Miles to Downtown Houston. Adaptable zoning & strategic location makes this property perfect for assisted living, child/adult/pet daycare, Air B&B, student dorms, medical/dental clinic, chiropractic/physical therapy, dog rescue/veterinary clinic, professional offices, restaurant, or home business. Conroe boasts an affordable cost of living, excellent schools & variety of recreational opportunities. Population growth in Conroe is not slowing & increases steadily. Conroe’s median age & educational attainment are ideal for businesses looking to locate here. Major industries in the area include healthcare, manufacturing, retail, and technology. Conroe ranks 5th for 5-year population change (26.03%) & 4th for 5-year growth rate in housing (39.69%). It is part of Montgomery County with its annualized GDP growth rate of ~9% over past 3 years that puts it in top 1% of US cities. Economic Growth is due to Combination of Strategic Planning & Business-Friendly Environment; a Testament to its Thriving Economy/Vibrant Community/Appealing Lifestyle/Affordable Cost of Living/Excellent Schools/Variety of Recreational Opportunities. Offers Balance Between Urban Convenience & Suburban Tranquility. This property is part of a business sale with tenants currently residing. Property is open 24/7, but appointment is required which can be made online. Listing agent must have time to contact the seller to inform the tenants know about the showing. The business is part of the purchase and the owner is willing to discuss business details with potential buyers.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$355 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Continuing Care Retirement Com, Rehabilitation Center, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

N/A

APN/PARCEL ID

5020-02-01800

ASK ABOUT THIS PROPERTY

Elgin WellsKW Commercial MetropolitanMore Info
713-882-3195

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Elgin WellsKW Commercial MetropolitanMore Info
713-882-3195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.