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309 N Fm 2353

Possum Kingdom Lake, TX 76449
  • $575,000
  • STATUS: Active
  • ON SITE: 98 Days
  • MLS #: 20479603
UPDATED: 23 min ago
$575,000
  • 0
    BEDS
  • 0.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1980
County:

School Ratings & Info

Offered by Jo Lynn Miller of Lake Homes Realty, LLC: 866-525-3466.

Description

Fully leased multi-use commercial property in the heart of PK's East side commercial business district, close to restaurants, the Chamber of Commerce, and many other businesses. This property offers four units currently occupied by various types of businesses plus a residential apartment. In addition, there is a large garage-shop that is occupied, extra storage building, lease income from an overhead billboard, and three occupied RV spots. Current owners have done many repairs and upgrades to the building over the past three years, and also added a drive to provide access from Airport Rd behind the property. All units have been successfully leased since 2021 and most units are leased through 2024. The billboard lease agreement is renewed for several years. This property provides a good opportunity for future growth and steady rental income. One acre beside this property (behind Brazos Title building) is also available in a separate listing; the two properties can be purchased together.

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© 2024 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 eXp Realty | The Tierny Jordan Network. 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 eXp Realty | The Tierny Jordan Network 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 2024-02-29T06:44:44.243.
www.texasonlinehomesearch.com/homes/145450507
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309 N Fm 2353 Possum Kingdom Lake, TX 76449

  • Price: $575,000
  • Status: Active
  • On Site: 98 Days
  • Updated: 23 min ago
  • MLS #: 20479603
0
Beds
0
Baths
0
½ Baths
0.78
Acres
1980
Built
Neighborhood:
Pickwick Acres Pk La
County:
Palo Pinto
Area:
Possum Kingdom Lake
Property Description
Fully leased multi-use commercial property in the heart of PK's East side commercial business district, close to restaurants, the Chamber of Commerce, and many other businesses. This property offers four units currently occupied by various types of businesses plus a residential apartment. In addition, there is a large garage-shop that is occupied, extra storage building, lease income from an overhead billboard, and three occupied RV spots. Current owners have done many repairs and upgrades to the building over the past three years, and also added a drive to provide access from Airport Rd behind the property. All units have been successfully leased since 2021 and most units are leased through 2024. The billboard lease agreement is renewed for several years. This property provides a good opportunity for future growth and steady rental income. One acre beside this property (behind Brazos Title building) is also available in a separate listing; the two properties can be purchased together.
Exterior Features

Construction CedarFrame Foundation Slab Freight Doors No Dock Lot Description Few Trees Lot Size Source Public Records Parking Or Garage AsphaltParking Lot Road Frontage Type FM Road Roof Metal

Interior Features

Ceiling Height 8 to10 Feet Cooling Central AirElectric Flooring Varies Handicap YN No Heating CentralElectric Sq Ft Gross 5204

Property Features

Alarm Or Security Type Unknown Building Area Source Public Records Building Area Total 5204.00 Building Use OfficeRetailOther Construction Status Preowned Exclusions All tenants inventory and furnishings Gross Annual Expenses 20986.00 Gross Annual Income 61360.00 Insurance Expense 5832 Lake Name Possum Kingdom Leaseable Spaces 5 List MLSProvider Metrotex Association Of Realtors Listing Terms 1031 ExchangeCashConventional Multi Zoning No Municipal Utility District No Net Operation Income 40374 Operating Expense Includes GardenerInsurancePest ControlTrashOther Owner Pays Common Area MaintenanceExterior MaintenanceGrounds CareRoof MaintenanceTaxes Possession Negotiable Property Type Office Tenant Pays All Utilities Transaction Includes Land & ImprovementsOther Unexempt Taxes 3320 Utilities AsphaltCo-op ElectricCo-op WaterElectricity ConnectedIndividual Water MeterOutside City LimitsOverhead UtilitiesSepticUnincorporated Will Subdivide No Zoning Unincorporated areano zoning

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 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 eXp Realty | The Tierny Jordan Network. 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 eXp Realty | The Tierny Jordan Network 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 2024-02-29T06:44:44.243.
 
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eXp Realty | The Tierny Jordan Network
eXp Realty | The Tierny Jordan Network
Dallas | Arlington | Frisco TX,
Offered by Jo Lynn Miller of Lake Homes Realty, LLC: 866-525-3466.