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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $362
Subdivision Royse City
MLS Listing ID 14412652
Sold Date 03/23/21
Total Fin. Sqft 2000
Year Built 1970
Annual Tax Amount $6,370
Lot Size 0.452 Acres
Acres 0.452
Lot Dimensions 114 X 190
Property Description
See Transaction Desk for Property Flyer - M&D Commercial is pleased to offer this opportunity to acquire 520 E I30, Royse City. A 2,000 SF investment property, 100% tenant occupied, located on 0.45 acres, and in the growing market of Royse City. With a 2019 NOI of $50,400 and a 2019 acquisition CAP rate of +7%. TxDOT has signed off on a $77 Billion plan which includes widening Interstate 30 near the site from four lanes to six lanes in the next 10 years. The property has excellent visibility being located on Interstate 30 with good traffic generators of over 50,000 VPD. Excellent location in fast growing retail and residential market.
Location
State TX
County Rockwall
Zoning Com
Direction Heading northeast on I-30 E, Take exit 77B for Farm to Market Rd 35, Merge onto I-30 Frontage Rd, Turn left onto FM 35 W, Turn left onto I-30 Frontage Rd, Turn right onto College St. Heading west on I-30 W, Take exit 77B to merge onto I-30 Frontage Rd, Turn right onto College St
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Ceramic Tile
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Metal
Parking Type Garage Faces Front, Open
Garage No
Building
Foundation Slab
Others
Ownership Patel
Financing Other
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Bought with Danny Perez • M&D Real Estate
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