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2901 W 15th St
Plano, TX 75075
Retail Property For Sale
PROPERTY FACTS
ABOUT 2901 W 15TH ST , PLANO, TX 75075
John Williams is the Listing Agent appointed by the bankruptcy judge, receiver and debtor. Porforma Cap once Unit B is occupied at $12/psf = 6.65% CAP RATE ADDRESS: 2901 W. 15th Street, Plano TX 75050 (15th St & Independence Parkway) OCCUPANCY: 75.7% PRICE: Asking $4 M but will take $3.5 M for quick sale – BANKRUPTCY (Purchase must be approved by judge). 2.154 ACRES of Mixed Use Commercial Zoning 27,147 SQFT Building (3 Leasable Spaces currently OCCUPANCY: UNIT A - Horizon Super Market - 9,018 SQFT $8,947 (Does Not Pay NNN) UNIT B - Vacant - 6,599 SQFT UNIT C - O’Reilly Auto Parts Store - 11,530 SQFT (Pays 42.5 % of NNN) VALUE ADD PLAY: After exterior facelift/upgrade – Re plat the Corner Vacant Space (Unit B) into 2 or 3 smaller units of 2,000-3,000 sq. ft./ Unit to collect higher price per SQFT Great Cash Flow in Plano with close proximity to Major Hospitals -Convert into medical offices 1.5 Miles from Medical City Plano 2.5 Miles from Baylor Scott & White Medical Center
PROPERTY TAXES
| Parcel Number | R-0396-00B-012B-1 | Improvements Assessment | $1,292,211 |
| Land Assessment | $1,797,647 | Total Assessment | $3,089,858 |
PROPERTY TAXES
