1790 Interstate 40 | Adrian, TX 79001
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- LoopNet Team
1790 Interstate 40
Adrian, TX 79001
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2023 Gross Revenue of $971,025.43 and Net Cash Flow of $845,325.43. 2024 Projected NOI of $950,000.
- Situated on 6.5 Acres; 5.5 acres of raw, undeveloped land - Offering significant development potential for a truck stop or other retail
- Located in an Income Tax Free State | Bonus Depreciation Benefits.
- Owner-user gas station, convenience store & restaurant opportunity. Free and clear of all leases.
- Prime Location located along an interstate thoroughfare (18,000 VPD) with direct frontage to I-40, offering excellent visibility and accessibility.
- 3,556 SF building with a fully operating kitchen, private office, back storage room, and private bedroom for employees or a handyman.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,556 SF
Building Class
B
Year Built/Renovated
1979/2021
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
6.50 AC
Frontage
450’ on IH 40
AMENITIES
- 24 Hour Access
- Freeway Visibility
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $217,380 | |
| Land Assessment | $12,420 | Total Assessment | $229,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$12,420
Improvements Assessment
$217,380
Total Assessment
$229,800
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