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Edgewood Commercial Building 15996 Highway 80 3,600 SF 33% Leased Retail Building Edgewood, TX 75117 $650,000 ($180.56/SF)
Investment Highlights
- High Traffic Road
- Multi-use Property
- Drive through on two sides in 2 of 3 units.
Executive Summary
Positioned on Hwy 80 in the heart of Edgewood, directly across from Edgewood ISD. This property offers a prime opportunity for commercial services with outstanding visibility and accessibility. 3600 SF building ideal for investor or business owners seeking a highly trafficked location within a great East Texas town. Property provides immediate rental income as 1 of 3 units are currently leased. Possibility to convert to four 900 sq ft units. Ideal for a variety of uses and great potential for long-term value and business success. Billboard lease is also an option to purchase as part of the sale of the building.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built
2023
Price
$650,000
Price Per SF
$180.56
Percent Leased
33%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.43 AC
Zoning
No Zoning - Outside City Limits
Parking
13 Spaces (3.61 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | R000011619 | Improvements Assessment | $339,930 |
| Land Assessment | $66,310 | Total Assessment | $406,240 |
Property Taxes
Parcel Number
R000011619
Land Assessment
$66,310
Improvements Assessment
$339,930
Total Assessment
$406,240
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Edgewood Commercial Building | 15996 Highway 80