4815 STATE HIGHWAY 121, THE COLONY, TX 75056

Homes for sale in The Colony.

Homes for sale in 75056.


4815 State Highway 121

The Colony, TX 75056

Active

List Price$720,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21249192

1,947

Square Feet

1

Number of Units

Commercial

Type

About This Property

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.

Property Features

Location Information

County

Denton

Subdivision

121 Office Plaza Condo

Interior Features

Has Fireplace

No

Floors

Engineered Hardwood

Heating

Central, Electric

Tenant Pays

Association Fees, All Utilities, Electricity

Cooling

Central Air, Electric

Total Number of Units

1

Exterior Features

Construction

Brick

Lot Size in Sq. Ft.

1,947

Foundation

Brick/Mortar

Possible Best Use

Medical/Dental, Office

Roof

Composition

Zoning

Planned Development (PD)

Utilities

Electricity Connected, Sewer Available, Water Available

Building Total Area (Sq. Ft.)

1,947

Parking Description

Common

Is One Story

No

Lot Size in Acres

0.045

Additional Information

Year Built Details

Preowned

Year Built

2015

Property Type

COM

Status

Active

Property SubType

Office

Lot Acres Source

Plans

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Mortgage Calculator

$3,362

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,594

Monthly Tax

$600

Monthly Insurance

$168

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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