702 N Thompson St Bureau 1 583 m² 79 % Loué À vendre Conroe, TX 77301 2 325 726 € (1 469,04 €/m²)

The Thompson, comprised of 702 & 704 North Thompson Street, presents the opportunity to acquire a well located, approximately 17,000 square foot multi tenant professional office property in the heart of downtown Conroe. Positioned just two blocks from the Montgomery County Courthouse and surrounding city offices, the property benefits from consistent demand from legal, governmental, and professional service users seeking proximity to the county seat and downtown business core.
Originally constructed for county administrative use for the county seat of Montgomery County, the property is an impressive brick and steel frame building that has served a wide range of governmental and professional tenants over its history. The original property has been expanded and now comprised of two separate buildings with a shared atrium, and two large parking lots, remains today, an established well known office location within the community. Most recently, the building completed a comprehensive 2024 renovation including exterior refinishing as well as modernization of the interior common areas, creating a clean, updated appearance while maintaining its classic mid century character and solid construction. The two adjacent buildings sit on approximately 1.5 acres and span the full block between Lewis Street and Nugent Street with frontage on three sides, providing excellent visibility, signage opportunities, and convenient access. The property offers efficient and flexible floor plans configured primarily for smaller office suites, allowing for broad tenant demand and easy leasing. Current shorter term and staggered lease structures provide stable in place income while creating near term mark to market opportunities for a new owner to increase rental rates and improve cash flow. The layout also allows for partial or near to full owner occupancy, making the asset attractive to both investors and businesses seeking their own office presence.
Parking is a key stand out for the property. In addition to a large on site lot adjacent to the building, the sale includes an additional paved lot of approximately 0.5 acres directly across North Thompson Street from the main entrance. This amount of parking is rare and highly desirable in a downtown setting and provides a competitive advantage over surrounding properties.
With strong visibility, flexible suite sizes, abundant parking, and a prime downtown location, the property offers a compelling value add or owner user opportunity in one of the fastest growing submarkets in the North Houston region.