Decatur, TX 76234 2820 US Highway 380

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Presented By: Charles Horton with The Michael Group Real Estate; 469-363-0209
  • MLS# 20949344
  • 05/27/2025
  • Request Tour
  • Request Info

Home Details

380 Eagle’s Nest is a turnkey investment opportunity located just off Hwy 380 in unincorporated Wise County. This income-producing property features a tiny home community and storage facility on approximately 3.74 acres, generating $284,000 in gross annual revenue and $230,000 in net income, delivering a 10% cap rate. The property includes 16 custom-built tiny homes, each approximately 392 square feet, with full kitchens including a refrigerator, cooktop, oven, and microwave. Homes are not furnished. Water, electric, and trash service are included for tiny homes. A coin-operated laundry facility with Speed Queen commercial equipment is also on-site, adding convenience and additional income. The property offers 50 storage units and 5 parking spaces, with rental rates ranging from $50 to $900 month. Operated on city water and septic, and located in the county, the site requires no city approvals for improvements or expansion. With low annual expenses of $54,000 and strong demand driven by the Decatur and DFW markets, this is a rare opportunity for stable returns and long-term growth. Aerial imagery is for illustration only. Property boundaries and acreage (approx. 3.74 acres) subject to survey. Sales price is not contingent on exact land size. Property to be sold by metes and bounds description.
Presented By: Charles Horton with The Michael Group Real Estate; 469-363-0209

Interior Features for 2820 US Highway 380

Other Interior Features

SQFT Gross19126
Lock Box TypeNone
FlooringConcrete, Wood
Total Stories1
Total Units66

General for 2820 US Highway 380

Building UseStorage Warehouse
Business Name380 Eagle’s Nest
Business TypeResidential, Storage
Ceiling Height8 to10 Feet, 11 to 14 Feet, 15 to 20 Feet
CityDecatur
Construction MaterialsMetal Siding, Wood
CoolingElectric
CountyWise
Directionsgoogle maps is accurate.
Gross Annual Expenses54000.00
HeatingElectric
Occupant TypeTenant
PossessionClosing/Funding
Property SubtypeBusiness
Property TypeCommercial Sale
RoofComposition, Metal
Standard StatusActive
StatusActive
Subdivision NameJH MOORE
Tenant PaysAll Utilities
Unexempt Taxes14616
UtilitiesAerobic Septic
Virtual Tour URL UnbrandedClick here
Will SubdivideSubdivided
Year Built2002
Year Built DetailsPreowned
Zoning Descriptionunincorporated

Exterior for 2820 US Highway 380

Building Area Total19126.00
Foundation Slab
Lot FeaturesAcreage
Lot Size1 to < 3 Acres
Lot Size Acres2.7400
Lot Size Area2.7400
Lot Size SourceAssessor
Lot Size Square Feet119354.4000
Lot Size UnitsAcres
Parking FeaturesAdditional Parking, RV Access/Parking

Additional Details

Price History

Rodney Edwards

Associate Broker
Price $2,300,000
MLS#20949344
List Date 05/27/2025
Property Type Commercial
Phone 903.752.4007
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