Homes for sale - 1608 W Moore Avenue, Terrell, TX 75160

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Ram Gubbala

ramgubbala@gmail.com +1(913) 375-0510

$3,900,000

Est. payment - /mo

3.08 Acres Lot

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UPDATED:

09/17/2024 08:12 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Terrell Rev

MLS Listing ID 20321787

Total Fin. Sqft 28420

Year Built 1963

Annual Tax Amount $29,106

Lot Size 3.081 Acres

Acres 3.081

Property Description

Located in Opportunity Zone: 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.

Location

State TX

County Kaufman

Zoning Commercial Main

Direction From Dallas take US Hwy 80 to Terrell, building at corner of US 80 and SH 205 Hard Corner, previously Ford Dealer.

Interior

Heating Electric

Cooling Central Air

Flooring Carpet, Ceramic Tile, Concrete

Heat Source Electric

Exterior

Utilities Available Asphalt, City Sewer, City Water, Concrete, Electricity Connected, Master Water Meter

Roof Type Asphalt,Metal,Mixed

Garage No

Building

Lot Description Acreage, Corner Lot

Foundation Slab

Structure Type Aluminum Siding

Others

Ownership Of Record

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Aerial Photo

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Frank Roberts • RE/MAX Landmark

+1(913) 375-0510

ramgubbala@gmail.com

8005 Fallmeadow Cir, Plano, TX, 75024, United States

1608 W Moore Avenue Terrell, TX 75160