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19960 Highway 242
Conroe, TX 77306
Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

Includes 5 warehouses and 1 billboard lease
Below market rent

Heavy power, large grade level doors, fully insulated
Seller financing available

EXECUTIVE SUMMARY

The property consists of a total building size of 22,700 square feet on a 7.0-acre lot, currently generating a NOI of $282,485, with below-market rent. The property includes five warehouses and two billboard leases, and is fully leased at 100% occupancy. Each warehouse is equipped with heavy power, large grade-level doors, an outside storage area, and is fully insulated. The buildings have never flooded, offering added security for tenants and investors. Seller financing is available, providing additional flexibility for potential buyers.

PROPERTY FACTS

Sale Type	Investment	No. Stories	1
Cap Rate	7.63%	Year Built	2004
Property Type	Industrial	Parking Ratio	1.37/1,000 SF
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing Industrial Service	Clear Ceiling Height	18’
Building Class	C	No. Drive In / Grade-Level Doors	17
Lot Size	7.00 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	22,700 SF

Sale Type	Investment
Cap Rate	7.63%
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing Industrial Service
Building Class	C
Lot Size	7.00 AC
Rentable Building Area	22,700 SF
No. Stories	1
Year Built	2004
Parking Ratio	1.37/1,000 SF
Clear Ceiling Height	18’
No. Drive In / Grade-Level Doors	17
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

AMENITIES

24 Hour Access
Fenced Lot

Mezzanine
Security System

Signage

Air Conditioning

PROPERTY TAXES

Parcel Number	0419-00-04702	Improvements Assessment	$1,381,006 CAD
Land Assessment	$914,321 CAD	Total Assessment	$2,295,327 CAD

PROPERTY TAXES

Parcel Number

0419-00-04702

Land Assessment

$914,321 CAD

Improvements Assessment

$1,381,006 CAD

Total Assessment

$2,295,327 CAD

ZONING

Zoning Code	None
None

Listing ID: 29498614
Date on Market: 2023-09-12
Last Updated:
Address: 19960 Highway 242, Conroe, TX 77306

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