This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

2250 FM 2869, HOLLY LAKE RANCH 2250 S FM 2869

4,000 SF 100% Leased Retail Building Holly Lake Ranch, TX 75765 £465,558 (£116/SF) 6.96% Net Initial Yield

Executive Summary

Awesome Commercial Income producing property in very established and growing community at Holly Lake Ranch. The property has road frontage on FM 2869 with extra lot on the road frontage next door which adds plenty of room to grow. This property offers great opportunity for investors. The front building is 4000 sq ft offering 5 rental units. They are currently all rented with tenants that have occupied the units for a length of time, and all have their own water and electric meters. The tenants display a wide diversity of rentals including a Gift/Book store, Office, Restaurant, a Salon and Massage. Out back you will find the sixth rental which is a 2000 sq ft metal building with office and storage, which could accommodate a wide range of different businesses. It also has two carports with 2700 sq ft under roof. Plus, there is a Billboard on the property which brings in income. And don't forget the 1 acre lot next door goes with the property for future expansion. Don't miss your opportunity to add this very flexible property to your portfolio. Schedule a showing today!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,000 SF
Year Built
2007
Price
£465,558
Price Per SF
£116
Net Initial Yield
6.96%
NOI
£32,418
Percent Leased
100%
Number of Floors
1
Building FAR
0.08
Land Acres
1.11 AC
Zoning
C - Commercial
Parking
50 Spaces (12.5 Spaces per 1,000 SF Leased)
Frontage
102 ft on Farm to Market Road 2869

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R76350
Land Assessment
£42,323
Improvements Assessment
£215,236
Total Assessment
£257,559
  • Listing ID: 31523268

  • Date on Market: 16/04/2024

  • Last Updated:

  • Address: 2250 S FM 2869, Holly Lake Ranch, TX 75765

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}