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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 6,271 sqft
Price per Sqft $23
Subdivision Na
MLS Listing ID 14465370
Sold Date 10/12/21
Total Fin. Sqft 6271
Year Built 1950
Lot Size 1.480 Acres
Acres 1.48
Property Description
Located in the Certified Economic Opportunity Zone! Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act to stimulate economic development and job creation, by incentivizing long-term investments. Under certain conditions this property may be eligible for capital gain tax incentives. This listing presents a NNN investment opportunity, or future owner or operator scenario. Current tenant is a small animal vet clinic that services the downtown and surrounding area of the market. Occupant is a national credit tenant on a two year term with renewal options. Site has excess land ready for development, or provides room for expansion to the existing clinic. Consists of 4 lots and two buildings total.
Location
State TX
County Smith
Zoning M-1
Direction From the intersection of Loop 323 and W Erwin St travel East on Erwin St for approx. 1.4 miles, then turn left onto N Glenwood Blvd, the destination will be on your right in approx. 0.1 miles.
Interior
Heating Other
Cooling Other, Window Unit(s)
Flooring Other
Heat Source Other
Exterior
Utilities Available City Water
Roof Type Other
Parking Type On Street
Garage Yes
Building
Foundation Other
Others
Ownership Unknown
Financing Conventional
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Bought with Matthew Marshall • Drake Real Estate & Investment