Royse City, TX 75189,520 E Interstate 30

$725,000

Est.Price: ?

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Est. payment /mo

2,000 SqFt


SOLD DATE : 03/23/2021

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

Garage No

Building

Foundation Slab

Others

Ownership Patel

Financing Other

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Danny Perez • M&D Real Estate
Bought with Danny Perez • M&D Real Estate
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