16610 Interstate 45 N - Bank FOR SALE


Conroe, TX 77384- The Woodlands
$7,800,000 USD
713-830-4007
16610 Interstate 45 N, Conroe, TX for Sale
$7,800,000 USD
Bank - FOR SALE
1/35
null | Request Cap Rate

16610 Interstate 45 N
Conroe, TX 77384
The Woodlands


HIGHLIGHTS

  • ±23,304 Square Feet on ±2.46 Acres Class B Office and Bank Building 

OVERVIEW

±23,304 Square Feet on ±2.46 Acres Class B Office Building  Investment Overview Colliers is pleased to exclusively offer to qualified investors the opportunity to purchase 16610 Interstate 45 North, a two (2)-story office and bank building measuring ±23,304 square feet, situated on ±2.46 acres and conveniently located within minutes of The Woodlands. This well-maintained User/ValueAdd asset represents a significant upside opportunity. The property is strategically located on the westside of Interstate 45 and only 1.5 miles from FM 1488, 7.7 miles from the Hardy Toll Road and 8.6 miles from SH 99 (Grand Parkway) Toll Road. Investment Highlights:  • 16610 Interstate 45 North is a two (2) story, class B, multi-tenant office building constructed in 2002. • User/Value-Add Asset: High quality and well maintained building with opportunity for User to occupy and/or cash flow growth. • Strategically Located: The Woodlands is one of the Houston Region’s most sought after areas. • Highly desired building and monument signage opportunities along a prominent thoroughfare. • Positioned in front of heavily trafficked Kohl’s, At Home, Walmart & Lowe’s. • Building caters to a dense population with high income levels. • All Artwork and Furniture in bank space and common areas included in sale. • 4 covered drive-up teller lanes and drive-up ATM. Recent Renovations:  • Bank space LED lighting retrofit completed in 2024. • Water shutoff valves installed on all exterior water spickets completed in 2024. • IT room mini-split HVAC unit replaced in 2023. • Plumbing for toilets upgraded in 2023. • Added irrigation control panel and extension of irrigation lines to the wooded landscape area along IH-45 completed in 2024. • Gutters installed to the metal portion of the roof in 2023.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Office & Bank Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.46 AC

LAND SF

107,158 SF

ZONING

C

APN/PARCEL ID

9700-04-00305

ASK ABOUT THIS PROPERTY

Tom CondonColliersMore Info
713-830-4007

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Tom CondonColliersMore Info
713-830-4007

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