Address
973 Stonecrest Road, Argyle, TX
Price
$ 3,100,000
Property Attributes
- MLS#20382621
- TypePending
- CountyDENTON
- CityArgyle
- NeighborhoodFrasher Addn
- Zip76226
- StyleIndustrial
- Price$ 3,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3.393 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Rare commercial opportunity in Argyle, Owner Agent relocating! Sell all or Part! A 3.4 acre property with 26,000 square feet of flex space with existing pad sites to add an additional 10,000 square feet or utilize for RV or Boat Storage. Currently 100% leased at 30% or more under current market rates, with cash flow of over $18,000 per month, current cap rate is 6.5%. There have been only 3 vacancies in the past 5 years, none having duration of more than a week or two. The buildings are newer, ranging from 1 to 5 years old and demised into 1,250 to 2,500 sq ft units, aggressively priced at under $120 per sq ft. This property is located in a growth area near FM407 and 35W in unincorporated Denton County, surrounded by multiple commercial and new housing projects including, Canyon Falls, Pecan Square, Harvest Meadows, Robison Ranch and more even larger additions being added very soon in Northlake and Flower Mound. Come check it out today!
| Price History | |
|---|---|
| 7/16/2023 | Listed $3,100,000 |
General Features
| Heating | Electric |
|---|---|
| Cooling | Electric |
| Utilities | Aerobic Septic,Cable Available,City Water,Co-op Electric,Concrete,Electricity Available,Electricity Connected,Gravel/Rock |
| Ceiling Height | 11 to 14 Feet |
| Possession | Closing/Funding |
| Roof | Metal |
| Year Built | 2019 |
| Tenant Pays | Electricity,Insurance,Pest Control,Repairs,Trash Collection |
| Business Type | Warehouse |
| Building Use | Industrial,Office/Warehouse,Storage Warehouse,Wholesale,Other |
| Owner Pays | Taxes,Water |
| Will Subdivide | No |
| Gross Annual Expenses | 35000.00 |
| Property SubType | Industrial |
| Subdivision Name | FRASHER ADDN |
| Zoning Description | Unincorporated mixed use |
| County | Denton |
| Property Type | Commercial Sale |
| Construction Materials | Metal Siding |
| Year Built Details | Preowned |
| Status | Pending |
| Directions | From 35W go East on FM407 1 mile to Stonecrest Road turn South to 973 Stonecrest Road. From FM1171 Turn North on Hwy 377 to Canyon Falls Road,Turn North on Stonecrest Road to 973 Stonecrest Road. |
| City | Argyle |
| Buyer Agent Compensation | 2.5 |
| Street Name | Stonecrest |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20382621 |
| Standard Status | Pending |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Concrete |
|---|---|
| Total Stories | 1 |
| Total Units | 5 |
| SQFT Gross | 25999 |
| Lock Box Type | None |
| Street Suffix | Road |
Exterior Features
| Lot Size Source | Public Records |
|---|---|
| Parking Features | Additional Parking,Assigned,Gravel |
| Lot Size | 3 to < 5 Acres |
| Foundation | Slab |
| Lot Size Area | 3.3930 |
| Lot Size Units | Acres |
| Construction Materials Walls | Metal |
| Building Area Total | 26000.00 |
| Road Frontage Type | City Street |
| Lot Size Square Feet | 147799.0800 |
| Lot Size Acres | 3.3930 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 76226
Price
Visits
Year Built
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