405 Dr M.l.k. Jr. PlConroe, TX 77301

Property Details for 405 Dr M.l.k. Jr. Pl

Year built

1977

Lot size

0.59 AC

Property size (Sq ft)

10,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This 10,000-square-foot vacant warehouse, located at 405 Dr. M.L.K. Jr. Pl S in Conroe, Texas (77301), presents a compelling owner-user opportunity or value-add investment. The Class C industrial property sits on a 0.59-acre lot and boasts eight grade-level loading docks, a 12-foot ceiling height, and three-phase power. Built in 1977, the single-unit building offers approximately 1,500 square feet of mezzanine storage above the office space. The property also includes approximately 9,000 square feet of lighted paved parking secured by a sliding entry gate. The building's design allows for potential conversion into a multi-tenant asset. This prime location in the Woodlands/Conroe submarket offers easy access to major highways including I-45, I-69, and State Highway 99 (Grand Parkway), placing it within a short commute of Houston's rapidly growing population centers. The asking price is $800,000, representing a price per square foot of $80 and a pro-forma cap rate of 11.25%, with a pro-forma NOI of $90,000. The property is offered fee simple. The Montgomery County location benefits from its proximity to major transportation arteries and serves a thriving market. This presents a strong opportunity for investors seeking a value-add project or owner-occupiers needing a functional warehouse space.

Location Insight

City

Conroe

County

Montgomery

State

Texas

Latitude

30.3028

Longitude

-95.4496

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