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Hwy 121 Hwy 11 Highway

Randolph, TX 75475
  • $750,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 14738353
UPDATED: 27 min ago
$750,000
  • 0
    BEDS
  • 0.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2001
County:
Area:

School Ratings & Info

Offered by Michael Wilson of Firehouse Real Estate Services.

Description

This location has huge opportunity! Located at the intersection of not one but two state highways primed for huge expansion. Current use is for a very profitable self storage business with minimum operating cost. Rents are still below market so cash flow increase opportunity is still available. Units are almost at capacity so you will start making money as soon as you close! This location could also be easily converted to a gas station with highway frontage. Call today!

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© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-01-22T23:39:10.393.
www.rebdgroup.com/homes/124683541
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Hwy 121 Hwy 11 Highway Randolph, TX 75475

  • Price: $750,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 27 min ago
  • MLS #: 14738353
0
Beds
0
Baths
0
½ Baths
0.98
Acres
2001
Built
Neighborhood:
None
County:
Fannin
Area:
Randolph
Property Description
This location has huge opportunity! Located at the intersection of not one but two state highways primed for huge expansion. Current use is for a very profitable self storage business with minimum operating cost. Rents are still below market so cash flow increase opportunity is still available. Units are almost at capacity so you will start making money as soon as you close! This location could also be easily converted to a gas station with highway frontage. Call today!
Exterior Features

Construction Materials Walls Metal Foundation Slab Parking Or Garage Common LotCovered Road Frontage Distance 263 Road Frontage Type ConcreteU.S. Highway Roof Metal

Interior Features

Ceiling Height Other Commercial Features Inside StorageSecurity LightingSecurity SystemTelephone Flooring ConcreteOther Heating No AirNo Heat Sq Ft Building 896 Sq Ft Gross 66076 Sq Ft Leasable 8460

Property Features

Alarm Or Security Type Fire/Smoke Average Monthly Lease 75 Building Area Source Tax Building Use Storage Warehouse Business Name Warrior Creek Storag Commercial Zoning None Construction Status Preowned Gross Annual Expenses 4800 Gross Annual Income 57600 Inclusions Building OnlyLand & Improvements Income Expense Source Owner Leasable Spaces 71 Leased Spaces 66 Lot Size Source Tax Max Lease Rate 2.22 Min Lease Rate 1.30 Multi Zoning No Municipal Utility District No Net Annual Income 55967 Occupancy Rate 93 Owner Pays ElectricInsuranceMaintenanceManagementPayrollSuppliesTaxesWater/Sewer/Trash Possession Closing/Funding Property Type Com-Sale Proposed Financing CashConventionalFixedOther Special Notes Aerial Photo Tenant Pays Other Total Annual Expenses Include Common AreaElectricWater/Sewer/Trash Unexempt Taxes 253 Utilities City WaterOutside City LimitsSepticUnderground UtilitiesUnincorporated Will Subdivide No

Listing information © 2022 North Texas Real Estate Information System.


© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-01-22T23:39:10.393.
 
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Real Estate By Design | Keller Williams
2434 Lillian Miller Pkwy
Denton TX, 76205
Offered by Michael Wilson of Firehouse Real Estate Services.