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$ 599,000
Est. payment | /mo
0.44 Acres Lot
$ 599,000
Est. payment | /mo
0.44 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Greenville
MLS Listing ID 21343766
Total Fin. Sqft 2737
Year Built 1985
Lot Size 0.437 Acres
Acres 0.437
Property Sub-Type Office
Property Description
State Farm sale-leaseback investment opportunity featuring a ±2,737 SF freestanding commercial building on ±0.437 acres at 2814 Terrell Road, Greenville, Texas. The property is commercially zoned, offers on-site parking, and is located on a high-visibility commercial corridor. Seller will execute a new five-year NN lease at closing with 2% annual rent escalations and two 5-year renewal options, providing stable income with a 6.85% going-in cap rate and long-term investment potential.
Location
State TX
County Hunt
Zoning Commercial
Direction Please use GPS
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Ceramic Tile, Concrete, Vinyl
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water, Concrete, Individual Gas Meter, Individual Water Meter, None
Roof Type Metal
Garage No
Building
Foundation Slab
Structure Type Brick,Other
Others
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Listed by Karan Aulakh , CCIM • KARE Investment Sales & Leasing
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