3325 Interstate 30
Mesquite, TX 75150
Office Property For Sale

COMMERCIAL FIXER I-30 MESQUITE ARV $550,000+, PRICE $250,000 12.7+% Cap Rate estimate for Fix and Hold Investor $550,000+ ARV estimate for Fix, Lease and Sell investor PROPERTY ADDRESS: IH 30 Frontage Road Mesquite, Texas 75150 Westbound frontage road, inside I-635 PROPERTY DETAILS: Building sf – 5,055 Approx Lot sf – 21,223 Approx Year Built – Front section approx 1,770 sf – 1961. Rear section approx 3,285 sf – later but exact year unknown Zoning - Commercial Billboard signage already on the property REPAIR ESTIMATE: Needs: A little bit of everything Estimate of $97,000 The property is on the westbound IH 30 service road near the Lumber Liquidators store. With nearly one-half acre, this property’s available parking is an additional asset that nearby properties are lacking. Current commercial zoning allows for a wide range of uses. Property includes existing billboard sign structure. The Numbers: Estimated 12.7% Cap Rate after repair and lease up: Acquisition $220,000 Estimated Closing $ 2,000 Estimated Repair $97,000 Estimated Total Cost $319,000 Estimated NNN Rent $ 40,440 This is an assignment transaction. We have this property under contract, giving us an equitable interest in the property, and we are assigning that interest to a third party. Cash or hard money only $5,000 non-refundable deposit Buyer to pay all closing costs Property to be sold as-is No option period will be granted Title is already open and will not be moved Agents will need to add commission to any offer Close date: asap Please do your own due diligence before signing contract.