Pottsboro, TX 75076 321 E Fm 120
$525,000



35 more




































Presented By: Julie Simmons with Pathway Realty LLC; 469-831-6154
Home Details
Discover an exceptional investment opportunity with this versatile 3-unit commercial property located on the bustling main road of Pottsboro, Texas. Ideally situated on a .413 acre lot, this property offers high visibility and accessibility in an area poised for significant growth. With Lake Texoma just minutes away and major developments such as the upcoming Hard Rock and Margaritaville resorts, this location is positioned to benefit from increasing local and tourist traffic.
Property Overview
Built in 2000, this solid metal building offers durability and functionality, perfectly suited for a variety of commercial uses. The structure sits on a concrete slab and features a covered front porch, adding both curb appeal and convenience for patrons.
Current Configuration
• Unit 1 & Unit 2: These two units are currently leased to a well-established restaurant, offering an attractive opportunity for a buyer interested in continuing operations or reconfiguring for other uses. While the restaurant’s equipment and furnishings are not included in the list price, they are negotiable, opening possibilities for seamless transition or expansion.
• Unit 3: The third unit is leased to an insurance company, providing steady rental income and diversification within the property.
Versatility and Income Potential
The flexible layout of this property makes it ideal for investors, owner-operators, or entrepreneurs seeking a high-traffic location for their business. Whether you choose to retain the current tenants, repurpose the space for retail, offices, or a new restaurant concept, this property offers unlimited potential.
Presented By: Julie Simmons with Pathway Realty LLC; 469-831-6154
Interior Features for 321 E Fm 120
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringConcrete, CeramicTile, Linoleum, LuxuryVinylPlank
Heating Y/NYes
Total Stories1
General for 321 E Fm 120
AccessibilityAccessibleApproachWithRamp
Additional Parcels Y/NNo
Attached Garage No
AttributionContact469-831-6154
Business TypeRestaurant
Carport Y/NNo
CityPottsboro
Construction MaterialsMetalSiding
CoolingCentralAir
CountyGrayson
DirectionsBuilding is at the SE corner of FM 120 and Loraine St
Electric On Property Y/NNo
ExclusionsBusiness and non realty items are negotiable and not included in list price
Garage Y/NNo
Gross Income1.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense3300.0
Land Lease Y/NNo
Leasable Area2800.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPOTTS TEXOMA ADDITION, BLOCK 2, LOT 4, 5, & 6
Lot Size Square Feet17990.28
Lot Size UnitsAcres
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-14T15:50:37.193-00:00
Net Operating Income1.0
New ConstructionNo
Number Of Units Total3
Occupancy TypeTenant
OwnerPaysInsurance, Taxes
PossessionCloseOfEscrow
Possible UseOffice, Restaurant, Retail
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
RoofMetal
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Subdivision NamePotts Texoma Add
Tax Annual Amount5743.0
Tax Lot4
Tenant PaysAllUtilities
UtilitiesNaturalGasAvailable, SewerAvailable, WaterAvailable
Virtual TourClick here
Virtual TourClick here
Waterfront Y/NNo
Year Built2000
Year Built DetailsPreowned
Zoning DescriptionB1 - offices, light retail, and neighborhood services
Exterior for 321 E Fm 120
Building Area Total2800.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
InclusionsLand & Improvements
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.413
Lot Size Area0.413
Lot Size SourceAssessor
Open Parking Y/NNo
Parking FeaturesAsphalt, OnSite, ParkingLot
SpaNo
Water SourcePublic
Additional Details
Price History

Mec Cheney
Realtor