Listed by RE/MAX Landmark
$3,900,000
1608 W Moore Avenue
Details
APN 41585
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 28,420
NOI $999
Lease Term 1
Price per SqFt $137
Year Built 1963
Stories 2
Acreage 3.081
Zoning Commercial Main
Commercial space with lucrative opportunity!
Marketing description
Occupied by a New Car Dealership in Terrell, Just 30 Miles East of Dallas, This Property Presents a Lucrative Opportunity. Ideal for Car or Equipment Dealerships, Distribution Centers, or Retail Ventures, It is Strategically Located at the Major Intersection of Sh 205 and Us Hwy 80. the Building Offers a Service Bay, Showroom, Parts Department, Offices, and Ample Parking. Recently Renovated, It Meets All Certificate of Occupancy Guidelines Set by the City of Terrell. Currently Under a One-year Lease to a Hyundai Dealer, the Property is Operating at Approximately an 8% Cap Rate. Situated at a Major Highway Intersection, This Property Ensures Prime Visibility and Accessibility in a Thriving Area. the Ongoing Lease With a Reputable Tenant Adds to the Investment Appeal, Making It an Ideal Opportunity for Those Seeking a Stable and Income-generating Commercial Property in a Strategic Location.
Investment highlights
- Type: Retail
- Year Built: 1963
- Lot Size Area: 3.081 acres
- Garage Spaces: Yes
- Heating: Electric
- Cooling: Central Air
- County/Parish: Kaufman
- Subdivision: Terrell Rev
- Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/20321787
Listing Contacts
Listed by RE/MAX Landmark
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$999.00
$83.25/mo
Valuation Metrics
0
DSCR
0.03%
Cap Rate
0.03%
ROI
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