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518 Mill Ave 3,300 SF 100% Leased Retail Building Conroe, TX 77301 $990,000 ($300/SF)
Executive Summary
Retail Investment Opportunity “El Tucán” 518 Mill Ave, Conroe, TX 77301
Positioned in the heart of Downtown Conroe, 518 Mill Ave known locally as “El Tucán” offers a rare chance to own a high-visibility, fully-leased retail asset in one of the area’s fastest-growing commercial corridors.
This .36-acre corner lot includes 3,300 SF of income-generating space across two buildings:
2,700 SF Multi-Tenant Retail Strip, providing diversified rental income from established tenants.
600 SF Standalone Taqueria, a popular local hotspot with strong cash flow and loyal community following.
With excellent street frontage, heavy daily traffic, and close proximity to thriving retail, restaurants, and downtown amenities, this property offers exceptional visibility and investment security.
Whether you're an owner-operator or an investor seeking immediate returns, “El Tucán” delivers stability, strong tenant performance, and long-term upside in a dynamic Conroe market.
Positioned in the heart of Downtown Conroe, 518 Mill Ave known locally as “El Tucán” offers a rare chance to own a high-visibility, fully-leased retail asset in one of the area’s fastest-growing commercial corridors.
This .36-acre corner lot includes 3,300 SF of income-generating space across two buildings:
2,700 SF Multi-Tenant Retail Strip, providing diversified rental income from established tenants.
600 SF Standalone Taqueria, a popular local hotspot with strong cash flow and loyal community following.
With excellent street frontage, heavy daily traffic, and close proximity to thriving retail, restaurants, and downtown amenities, this property offers exceptional visibility and investment security.
Whether you're an owner-operator or an investor seeking immediate returns, “El Tucán” delivers stability, strong tenant performance, and long-term upside in a dynamic Conroe market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,300 SF
Building Class
C
Year Built
1984
Price
$990,000
Price Per SF
$300
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
1
Parking
10 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $356,247 | |
| Land Assessment | $32,500 | Total Assessment | $388,747 |
Property Taxes
Parcel Numbers
Land Assessment
$32,500
Improvements Assessment
$356,247
Total Assessment
$388,747
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