1608 Moore AveTerrell, TX 75160

For Sale
$3,900,000

Prime Terrell location, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional commercial property, located at 1608 W Moore Ave, Terrell, TX 75160, presents a lucrative investment opportunity. The 28,420 square foot building, situated on a 3.081-acre lot in Kaufman County, is currently leased to a Hyundai dealership under a one-year term. Built in 1963 and recently renovated to meet all City of Terrell Certificate of Occupancy guidelines, the property boasts a two-story structure with a service bay, showroom, parts department, offices, and ample parking. The property features electric heating and central air conditioning. Its strategic location at the major intersection of SH 205 and US Hwy 80 ensures prime visibility and accessibility. Zoned for Commercial Main use, this property is ideal for car or equipment dealerships, distribution centers, or various retail ventures. The current lease provides a stable income stream, operating at approximately an 8% cap rate, with a net operating income (NOI) of $999. The asking price is $3,900,000, translating to $137 per square foot. The property's APN is 41585. This is a rare opportunity to acquire a high-performing commercial property in a thriving area, just 30 miles east of Dallas. The property includes on-site garage parking.

Highlights

  • $3,900,000 asking price for this 28,420 square foot retail property.
  • Built in 1963, this two-story building sits on a 3.081-acre lot.
  • Features on-site garage parking.
  • Equipped with electric heating and central air conditioning.
  • Located in Terrell, TX, Kaufman County (APN: 41585).

Property Details for 1608 Moore Ave

Property type
Other retail properties, Automotive properties
Square Feet
28,420 SF
Year Built
1963
Stories
2
Lot Size (sq. ft)
134,208 SF

Location Insight

City
Terrell
County
Kaufman
State
Texas
Latitude
32.7379889
Longitude
-96.3014544
1608 Moore Ave, Terrell, Texas

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1608 Moore Ave
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