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About This Home

This 0-bedroom, 0-bathroom commercial at 4815 State Highway 121 in The Colony, TX is listed for $720,000. Built in 2015, on a 0.04 acres lot.

Agent Description

A premier single-tenant office condo fronting SH 121, offering a high performing, low maintenance investment property in one of the fastest growing corridors in North Texas. Passive income through an NNN lease with minimal landlord responsibilities and significant upside potential due to below-market rent.

Renewal options provide both immediate cash flow and long term value. It features high quality interior finishes in 2024, 7 rooms, 2 restrooms, 2 showers and 1 break room. Plumbing in all 7 rooms, washer and dryer hookups and showers - ideal for professional or medical users.

Prominent pylon signage along SH 121 with high visibility and strong branding exposure. Stable tenant with a net income of $46,800 annually and a strong likelihood of renewal. Zoned PD 11 allows a wide range of uses, including medical, dental, general offices, personal services, tutor centers and etc.

Multiple established medical clinics are within the building, creating strong synergy and consistent foot traffic. Located in dense commercial environment in an affluent area with $150k average household income and more than 12% population growth since 2020. Ideal for investors or owner users. Managed by 121 Office Plaza Condominium Association.

Key Features

  • Built in 2015
  • 0.04 acre lot

Property Details

2015

Monthly Cost Estimate

$3,851/mo

20% down · 6.5% · 30 years

Principal$521
Interest$3,120
Insurance$210

Estimates only. Actual payments may vary.

Location

4815 State Highway 121

The Colony, TX 75056

121 Office Plaza Condo

Property Details

Flooring

Engineered Wood

Construction

Brick

Heating

CentralElectric (Heating)

Cooling

Central AirElectric

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 4815 State Highway 121 is listed at $720,000. The estimated monthly payment is $3,120 based on 20% down at 6.5% interest.

Key features include: Built in 2015, 0.04 acre lot.

This property is listed by Jennifer Permenter and can be reached at 2142944400 or marketing@youngerpartners.com.

JP

Jennifer Permenter

Agent at Younger Partners Dallas, LLC

(214) 294-4400

Listed by Younger Partners Dallas, LLC · View on Broker Site

MLS# 21249192· Source: listhub· Updated today

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4815 State Highway 121, The Colony, TX 75056

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