811 O'connor RdIrving, TX 75061

For Sale
$850,000

High-yield retail space, 4,584 SF

Overview

Added:
Dec 11, 2024
Days on market:
92
This 4,584 square foot storefront property in Irving, Texas, presents a compelling value-add investment opportunity. Located at 811 N O'Connor Rd, in Dallas County, zip code 75061, this single-story building boasts two units, currently operating at 50% occupancy. One unit is currently leased to Gibson Pharmacy for $2,500 per month. Built in 1961, the property offers enduring quality and is zoned for commercial use. The asking price is $850,000, representing a 3.67% cap rate. The gross lease structure provides a straightforward income stream. Its prime location in Irving ensures high visibility and accessibility, making it attractive to a wide range of tenants. The property's current occupancy presents a significant opportunity for growth through increased leasing or owner-occupancy. This well-maintained property is ready for immediate occupancy and offers a promising return on investment for a savvy buyer seeking to diversify their commercial portfolio. The property's strategic location and versatile nature make it an ideal asset in a dynamic market.

Highlights

  • Two-unit commercial property offering versatility.
  • 1961 construction, demonstrating enduring quality.
  • Excellent Irving, TX location.
  • 50% occupancy, significant upside potential.
  • High-visibility street frontage.
  • Convenient access to major thoroughfares.

Property Details for 811 O'connor Rd

Property type
Other retail properties, Individual retail properties
Square Feet
4,584 SF
Stories
1
Units
2

Location Insight

City
Irving
County
Dallas
State
Texas
Latitude
32.8219443
Longitude
-96.9499828
811 O'connor Rd, Irving, Texas

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811 O'connor Rd
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