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Listing 25 out of 209
$1,750,000 For Sale

1205 S Sam Rayburn Freeway
Sherman, TX 75090

3 units |

1.77 acre lot
Commercial: Sale - MLS# 13482202
Property Photo
1/24

Description

Calling all investors. Great opportunity for long term income investment. Mozele Plaza is an 18, 744 sq ft blding on 1.77 acres on US 75 in Sherman, TX. 100% occupied, 2 long-term tenants (1 a national flooring retailer) with proven operating history, 5 year leases with 5 year renewal option, rent escalation at renewal, owner managed, 7.58% cap rate. Building offers a lighted billboard - currently leased by a tenant. Compliant with all city codes. High traffic area on US 75 just S of Houston-Lamar exit. Excellent visibility with access from the S Sam Rayburn Access Road and S Austin St. Many national retailers in the area. Extensive remodel in 2001. 2nd building added in 2008. Property has growth potential.

Features

  • Property Type: Commercial
  • Sub Type: Sale
  • Listing Status: Active
  • Listing Price: $1,750,000
  • County/Area: Grayson County
  • Zip Code: 75090
  • Year Built: 1999
  • Subdivision/Neighborhood: B.h. Moore Heirs Addition
  • Stories: 1
  • Units: 3 units
  • Lot Size: 1 Acre To 2.99 Acres
  • Acres: 1.77 acre lot
  • Zoning: Comm'l
  • Area: GRAYSON AREA (37), SHERMAN (0)
  • Building Area Source: Tax
  • Building Use: Retail
  • Ceiling Height: 15 To 20 Feet
  • Commercial Features: Security Lighting, Security System
  • Construction Materials: Metal, Stucco
  • Construction Materials Walls: Metal
  • Flooring: Concrete
  • Foundation Details: Slab
  • Gross Annual Income: 132384
  • Heating: Central Air-Elec, Central Heat-Gas
  • Inclusions: Land & Improvements
  • Income Expense Source: Owner
  • Lot Number: 1
  • Lot Size Area SQFT: 77188.32
  • Lot Size Source: Tax
  • Lot Size Units: Acres
  • Net Annual Income: 132384
  • Number Of Leaseable Spaces: 3
  • Number Of Spaces Leased: 3
  • Occupancy Rate: 100
  • Parking Features: Fenced Open Lot
  • Road Frontage: Asphalt, U.s. Highway Ft.
  • Roofing: Metal
  • SQFT Building: 18744
  • SQFT Gross: 77188
  • SQFT Leasable: 18744
  • Security Features: Burglar, Carbon Monoxide Detector, Exterior Security Light(S), Fire/Smoke, Monitored
  • Tenant Pays: Alarm Monitor Fee, All Utilities, Electric, Gas, Renters Insurance, Sewer, Water
  • Utilities: Asphalt, City Sewer, City Water, Curbs, Individual Gas Meter, Individual Water Meter
  • Year Built Details: Preowned
Courtesy of Keller Williams N. Collin Co.

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