FOR RENT/ LEASE. This exceptional vacant property presents a versatile investment opportunity in the heart of Conroe, Texas. Featuring 10 spacious bedrooms and 8 full bathrooms, This property is equipped with a commercial-grade stove and a solar energy system. Notably, it includes a transferable license for assisted living with a capacity for 16 beds, valid until October 2024 (License Type B). The property functions as a mixed-use building, making it suitable for a special school, single-family residence, memory care facility, home healthcare service, or assisted living establishment. Previously was used as Assisted Living Facility. Additionally, it boasts a guest house, which is ideal for generating rental income, accommodating extended family, or conveniently living near your business.