4815 State Highway 121, The Colony, TX 75056
4815 State Highway 121, The Colony, TX 75056
4815 State Highway 121, The Colony, TX 75056
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$720,000
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1,947 SqFt
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4815 State Highway 121 The Colony, TX 75056

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Tommy Apligian

Tommy Apligian

+1(214) 460-4148

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 1,947 sqft

Price per Sqft $369

Subdivision 121 Office Plaza Condo

MLS Listing ID 21249192

HOA Y/N No

Year Built 2015

Lot Size 1,947 Sqft

Acres 0.0447

Property Sub-Type Office

Property 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.

Location

State TX

County Denton

Zoning Planned Development (PD)

Direction Located at 4815 SH 121 in The Colony, the property sits along the north side of State Highway 121. From Dallas North Tollway, head north and exit toward SH 121, then merge east. Continue on SH 121 for approximately 2 miles—the property will be on your right with direct frontage and easy access.

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Engineered Hardwood

Inclusions Building Only

Fireplace No

Exterior

Parking Features Common

Utilities Available Electricity Connected, Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Building

Story 1

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Others

Tax ID 698409

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Tommy Apligian

Tommy Apligian

Realtor/ Broker Assoc

+1(214) 460-4148

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4815 State Highway 121