3074 College Park DrThe Woodlands, TX 77384

Property Details for 3074 College Park Dr

Year built

2003

Lot size

1.31 AC

Property size (Sq ft)

14,553 SF

Property type

Bars

Property subtype

Pubs

APN

9700-00-00101

APU

97000000101

Description

This exceptional 14,557-square-foot shopping center, located at 3074 College Park Dr, Conroe, TX 77384, presents a compelling value-add opportunity in the highly desirable Woodlands market. Built in 2003 and renovated in 2020, the property sits on a substantial 86,349-square-foot lot. Currently vacant, this retail space offers significant potential for a new tenant or operator. Its strategic location benefits from a captive audience, nestled between I-45, The Woodlands College Park High School, and Lone Star College. The property enjoys adjacency to a Lowe's shadow anchor and proximity to the major retail hub of I-45 and Hwy 242. The surrounding area boasts a highly affluent consumer base, with over 140,000 residents within a 5-mile radius, exhibiting an average household income exceeding $160,000. This prime user opportunity in a top Texas market offers substantial upside for the right investor. The asking price for this property is $2,200,000. The property is situated in Montgomery County.

• CAP approach

  CAP return

  Valuation

  6%

  $5,880,860

  6.5%

  $5,428,487

  7%

  $5,040,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,926,891

  Geo Method

  $10,979,697

• Alternative Use

  Use

  Valuation

  Residential

  $4,579,132

  Hospitality

  $4,194,460

  Educational

  $3,489,742

  Medical

  $3,609,759

  Retail

  $5,428,487

Location Insight

City

Conroe

County

Montgomery

State

Texas

Latitude

30.2078

Longitude

-95.4628

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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