1720 S Edmonds Lane S

    Lewisville, TX 75067
    • $2,490,000
    • STATUS: Active Under Contract
    • ON SITE: 164 days
    • MLS #: 13759334
    Under Contract
    UPDATED: 160 min ago
    $2,490,000
    • 0
      BEDS
    • 3.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1969
    County:

    School Ratings & Info

    Offered by Mike Tomas of Kind Realty.

    Description

    Value add office building located in Lewisville close to I35, 121 and DFW airport. Building is a solid 2 story structure that was originally designed for 6 stories. Owner continues to make renovations to the building including updated bathrooms and offices. There is 5,080 S.F. of space vacant and available for an owner occupant. Current lease rates are $1.00 per S.F. per month which is below market value. A new owner could increase rental rates for a few of the short term lease tenants to increase income.

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    © 2018 North Texas Real Estate Information Systems. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Team Hodnett | Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data is deemed reliable, but not guaranteed accurate by the MLS or NTREIS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-07-19T23:42:37.103.
    www.teamhodnett.com/homes/80520797

    1720 S Edmonds Lane S Lewisville, TX 75067

    • Price: $2,490,000
    • Status: Active Under Contract
    • Updated: 160 min ago
    • MLS #: 13759334
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.75
    Acres
    1969
    Built
    Neighborhood:
    Gary R Levitz Community Hospit
    County:
    Denton
    Area:
    Denton County Southeast
    Property Description
    Value add office building located in Lewisville close to I35, 121 and DFW airport. Building is a solid 2 story structure that was originally designed for 6 stories. Owner continues to make renovations to the building including updated bathrooms and offices. There is 5,080 S.F. of space vacant and available for an owner occupant. Current lease rates are $1.00 per S.F. per month which is below market value. A new owner could increase rental rates for a few of the short term lease tenants to increase income.
    Exterior Features

    Construction Brick Construction Materials Walls Plaster Foundation Slab Parking Or Garage Common Lot Road Frontage Type AsphaltConcreteCurbs/GuttersDirtRoad EasementSidewalk Roof Other

    Interior Features

    Ceiling Height 8 To10 FeetOther Commercial Features Computer ReadyInside StorageLoading DockSecurity LightingTelephoneYard Sprinklers Flooring CarpetConcreteStone Heating Central Air-ElecCentral Heat-Elec Sq Ft Building 33000 Sq Ft Gross 33000 Sq Ft Leasable 27000

    Property Features

    Building Area Source Owner Building Use Building ServicesChurchMedicalOfficeOtherSchools Business Name D Commercial Zoning Local Construction Status Preowned Gross Annual Expenses 75000 Gross Annual Income 210636 Inclusions Building OnlyLand & Improvements Income Expense Source Owner Leased Spaces 29 Lot Size Source Other Documentation Min Lease Rate 1.00 Multi Zoning Yes Municipal Utility District No Net Annual Income 135000 Occupancy Rate 70 Owner Pays ElectricInsuranceLawn CareLicense/ PermitsMaintenanceManagementSuppliesTaxesWater/Sewer/Trash Possession Closing/Funding Property Type Com-Sale Proposed Financing CashConventional Tenant Pays Renters Insurance Total Annual Expenses Include Accounting/LegalCommon AreaElectricInsuranceLawn CareLicense/PermitsMaintenanceManagement Unexempt Taxes 2267 Utilities All Weather RoadAsphaltCity SewerCity WaterConcreteCurbsPrivate SewerPrivate WaterSidewalk Will Subdivide Subdivided

    Data is deemed reliable, but not guaranteed accurate by the MLS or NTREIS. Data last updated 2018-07-19T23:42:37.103.


    © 2018 North Texas Real Estate Information Systems. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Team Hodnett | Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data is deemed reliable, but not guaranteed accurate by the MLS or NTREIS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-07-19T23:42:37.103.
     
    Team Hodnett | Keller Williams Realty
    2106 E State Highway 114, Suite 101
    Southlake TX, 76092
    Offered by Mike Tomas of Kind Realty.