Active
1608 W Moore Avenue
Terrell TX, 75160
$3,900,000
$137.23 per sqft
Active
28,420 sqft
Commercial
Built in 1963
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.
20321787
MLSⓇ ID
May 9, 2024
Updated
Map
1608 W Moore Avenue
Terrell TX, 75160
Interior Features
Total Stories
2
Floor Description
Carpet, Concrete, Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
3.08 Acres
Lot Features
Acreage, Corner Lot
Roof
Asphalt, Metal, Mixed
Sewer
Public Sewer
Other Property Details
Taxes
$29,106
Tax Frequency
Annually
Days on Market
365
Garage
Yes
Parking
Asphalt, Garage Faces Front, Garage, Garage Door Opener, Open, Paved
View
No
County
Kaufman
Water Source
Public
Pool
No
Buyer Agency Compensation
3%
Listed by Frank Roberts with RE/MAX Landmark
Listing Contact: 972-551-4014
The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 5/9/2024 at 1:09 PM UTC