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4815 State Highway 121 - 121 Office Plaza 1,947 SF Office/Medical Condo Unit in The Colony, TX 75056
Investment Highlights
- Positioned in an affluent, high-growth submarket with robust demographic indicators.
- Flexible zoning (PD 11) allowing for varied uses including medical, dental, and personal services.
- Established commercial corridor anchored by national retailers and key entertainment venues such as Topgolf and Nebraska Furniture Mart.
- Excellent exposure along State Highway 121 with daily traffic counts exceeding 103,000 vehicles.
- Proximity to Grandscape retail hub, major hotels, and Lake Lewisville attractions driving significant visitor traffic.
Executive Summary
The property is located along State Highway 121 in The Colony, Texas, within a dense commercial corridor. The surrounding trade area includes major retail centers, hotels, and entertainment venues such as Grandscape. The building is situated near established medical offices and numerous service-oriented businesses. Regional connectivity is supported by SH 121, providing access to nearby communities and Lake Lewisville. Zoning is designated as PD 11, permitting a variety of professional and service-oriented uses.
1 Unit Available
Unit 4
| Unit Size | 1,947 SF | Sale Type | Investment |
| Condo Use | Office/Medical |
| Unit Size | 1,947 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment |
Description
Please contact agent for pricing.
Sale Notes
This premier single-tenant office condominium presents an exceptional investment opportunity in The Colony, one of North Texas’ fastest-growing corridors. Currently under an NNN lease, the property delivers stable, passive income with minimal landlord responsibilities and below-market rental rates that offer strong upside potential. Existing renewal options further enhance both immediate cash flow and long-term value.
Ideally positioned along SH 121 with direct frontage and prominent pylon signage, the site enjoys exposure to over 103,000 vehicles per day, ensuring exceptional visibility and strong tenant demand. The property’s location less than one mile from Grandscape, a major retail and entertainment destination anchored by Nebraska Furniture Mart, positions it amid a dynamic trade area featuring more than 259,000 residents within five miles and an average household income of $150,000. The surrounding environment boasts a dense mix of retail, hospitality, and commercial services, fostering consistent economic vitality that supports long-term asset performance.
Floor Plan
Property Facts
| Total Building Size | 1,947 SF | Typical Floor Size | 1,947 SF |
| Property Type | Office (Condo) | Year Built | 2015 |
| Property Subtype | Medical | Tenancy | Single |
| Building Class | B | Lot Size | 2.00 AC |
| Floors | 1 | Parking Ratio | 23.11/1,000 SF |
| Zoning | PD-11 - PD-11 Professional Office | ||
| Total Building Size | 1,947 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,947 SF |
| Year Built | 2015 |
| Tenancy | Single |
| Lot Size | 2.00 AC |
| Parking Ratio | 23.11/1,000 SF |
| Zoning | PD-11 - PD-11 Professional Office |
Amenities
- 24 Hour Access
- Signage
- Central Heating
- High Ceilings
- Plug & Play
- Monument Signage
- Air Conditioning
Presented by
4815 State Highway 121 - 121 Office Plaza
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