investment Opportunity - Income-Producing Commercial Property Excellent opportunity to acquire a well-located commercial property in the heart of Grand Prairie. The property is currently leased, providing immediate rental income from day one. The existing lease rate is significantly below current market value, offering exceptional upside potential through future rent increases upon lease renewal or expiration. This property is ideal for both investors and owner-users. Continue collecting rental income while planning for future occupancy or maximize returns by bringing the lease to market rates when the opportunity arises. Property Highlights: -Income-producing property with an established tenant. -Current lease is well below market rent, creating significant value-add potential. -Excellent opportunity for investors or future owner-users. -Prime location with great visibility and easy access to major highways. -Strong long-term appreciation and income growth potential. -Don't miss this rare opportunity to own a commercial property with immediate cash flow and outstanding future upside
| MLS # | 21312934 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 132 |
| Listing Provided By | SUMMIT, REALTORS | Bilal Omar |
| SQ Feet | 15,681 |
|---|---|
| Story(s) | 1 |
| Zoning | Commerical |
| Acreage | 0.36 |
| Cooling | Ceiling Fan(s), Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Roof | Metal |
|---|---|
| Construction Materials | Board & Batten Siding, Brick, Concrete |
| Foundation Details | Other |
| Parking Features | Additional Parking |
|---|
| Utilities | Cable Available, City Sewer, City Water |
|---|
| Unexempt Taxes | 2864 |
|---|---|
| Tax Legal Description | CHARLES GIBBS ABST 534 PG 371 TR 16 ACS 0.36 |
| State | TX |
|---|---|
| County | Dallas |
| City | Grand Prairie |
| Zip Code | 75051 |
| Area | Dallas |
| Listing VS Median (in na) | |
Price: $895,000 low | high Med: $469,000 sqft: 15,681 low | high Med: 2,767 $ / sqft: $57 low | high Med: $185 On site: 132 low | high Med: 200.5 | |
| State | TX |
|---|---|
| County | Dallas |
| City | Grand Prairie |
| Zip Code | 75051 |
| Area | Dallas |
| Listing VS Median (in na) | |
Price: $895,000 low | high Med: $469,000 sqft: 15,681 low | high Med: 2,767 $ / sqft: $57 low | high Med: $185 On site: 132 low | high Med: 200.5 | |