4,850 SqFt
4,850 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $60
Subdivision Merchant
MLS Listing ID 21244635
HOA Y/N No
Year Built 1990
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Office
Property Description
Utilities and risk allocation: All tenants maintain utilities in their own names and carry liability insurance, limiting landlord exposure and operating friction.
The middle unit is currently vacant, so if you have your own business you can just move right in. Owning the entire bldg let's you control your costs instead of chasing rent. Rather than signing a lease and facing rent increases, you lock in your cost of occupancy by owning the building. The income from the laundromat and H&R Block helps offset your mortgage payment, effectively lowering your net cost to operate your business. Over time, you build equity in the real estate instead of writing checks to a landlord. Seller is currently not looking for a tenant for middle unit in case buyer wants to use it. But is willing to sign a tenant if they come along while listed.
West end Laundromat unit has a 4 year lease with a simple base monthly rent. And the tenant is willing to act as on-site property manager in exchange for a negotiated rent abatement, giving a buyer an easy management solution with flexible economics.
East end H&R Block unit has a simple base monthly rent, stepping up per a signed three year extension with a two year option.
Vacant suite (middle unit) is approximately 1,644 sf. and has previously been rented for $1,100 month on an NNN lease structure.
Seller is willing to consider attractive owner financing terms.
Location
State TX
County Callahan
Community Curbs
Zoning commercial
Direction From Abilene, take I-20 eastbound to Exit 300, go past FM 604 approx. half mile and property will be on the right. From Cisco, take I-20 westbound to Exit 300, go under the overpass and turn back to the left (east) and go approximately half mile and property will be on the right.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Concrete, Laminate
Inclusions Land & Improvements
Fireplace No
Exterior
Parking Features Gravel, On Site, Parking Lot
Community Features Curbs
Utilities Available Sewer Available, Water Available
Water Access Desc Public
Roof Type Metal
Topography Level
Road Frontage Interstate
Building
Lot Description Cleared, Level
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Others
Tax ID R008960
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21244635
Nearby Locations
Realtor, Team Lead | License ID: S.0191375
+1(312) 576-5448 | sold@deidrewilson.com