Pottsboro, TX 75076 321 E Fm 120

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Presented By: Julie Simmons with Pathway Realty LLC; 469-831-6154
  • MLS# 20793686
  • 12/17/2024
  • Request Tour
  • Request Info
  • SQFT • 2,800

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

SQFT Gross3000
Lock Box TypeNone
FlooringCeramic Tile, Concrete, Linoleum, Luxury Vinyl Plank
Occupancy Rate100
Total Stories1
Total Units3

General for 321 E Fm 120

Accessibility FeaturesAccessible Approach with Ramp
Building UseOffice, Restaurant, Retail
Business TypeRestaurant
Ceiling Height8 to10 Feet
CityPottsboro
Construction MaterialsMetal Siding
CoolingCentral Air
CountyGrayson
DirectionsBuilding is at the SE corner of FM 120 and Loraine St
ExclusionsBusiness and non realty items are negotiable and not included in list price
Gross Annual Expenses1.00
HeatingCentral
Insurance Expense3300
Listing TermsCash, Conventional
Number Of Leaseable Spaces3
Number Of Spaces Leased1
Occupant TypeTenant
Owner PaysInsurance, Taxes
PossessionClosing/Funding
Property SubtypeRetail
Property TypeCommercial Sale
RoofMetal
Special NotesAerial Photo
Standard StatusActive
StatusActive
Subdivision NamePotts Texoma Add
Tenant PaysAll Utilities
Unexempt Taxes5743
UtilitiesCity Sewer, City Water, Natural Gas Available
Virtual Tour URL BrandedClick here
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2000
Year Built DetailsPreowned
Zoning DescriptionB1 - offices, light retail, and neighborhood services

Exterior for 321 E Fm 120

Building Area Total2800.00
Construction Materials WallsMetal
Foundation Slab
Lot FeaturesCorner Lot
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.4130
Lot Size Area0.4130
Lot Size SourceAssessor
Lot Size Square Feet17990.2800
Lot Size UnitsAcres
Parking FeaturesAsphalt, On Site, Parking Lot
WaterfrontNo

Additional Details

Price History

Rodney Edwards

Associate Broker
Price $500,000
MLS#20793686
List Date 12/17/2024
Property Type Commercial
Phone 903.752.4007
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