Current Use by Public Records
- Mixed-use properties
Property Details for 5543 Us-380
- Lot size
- 3.60 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
Exceptional 3.6-acre commercial and residential land parcel situated at the high-traffic intersection of US-380 and FM 2748 in Caddo Mills, Texas (75135). This property boasts significant highway frontage, presenting a compelling investment opportunity with immediate income potential. Currently improved with a single-family home generating approximately $900 monthly rent and an additional RV space yielding $300 per month, providing a steady cash flow stream. The property is zoned for open use, allowing for diverse development options, subject to county approval. The existing structures are sold "as is." Surrounding development features the construction of new, upscale homes, indicating strong future growth potential. This presents a unique chance to hold for future appreciation while enjoying current rental income. Detailed financial records will be provided upon execution of a purchase agreement. Owner financing is available with a 30% down payment, contingent upon a satisfactory credit report. The property consists of one single-story building on a 3.6-acre lot. The current leases are net leases with two tenants, a three-year term commencing April 1, 2022, and expiring March 31, 2025, leaving approximately 0.4 years remaining.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Caddo Mills
- County
- Hunt
- State
- Texas
- Longitude
- -96.2775
- Latitude
- 33.1512
