Current Use by Public Records
- Specialty properties
Property Details for 500 Us-287
- Year built
- 1970
- Lot size
- 4.02 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional commercial property, located at 500 US-287 in Decatur, Texas, 76234, presents a unique investment opportunity. The former Klement Dodge Chrysler dealership boasts 19,860 square feet of space across four single-story buildings situated on a 4.018-acre lot. The property features high visibility with frontage on N US Hwy 287. Building specifics include a 4,500 sq ft new car sales building, a 10,000 sq ft service/parts building (connected), and a 4,160 sq ft free-standing detailing building, all situated on approximately 2.732 acres. Additionally, there's a 1,200 sq ft free-standing building on an approximately 1.286-acre lot. Built in 1970 and renovated in 2000, the property is zoned GC and is currently vacant. The property is ideally suited for a variety of uses, including trucking companies, farm equipment sales, RV sales and service, and other similar businesses. Note that new or used car sales are prohibited. The lease terms are four to five years, requiring tenants with a strong credit history. Monthly rent is $9,500, plus $3,000 in NNN expenses. This property is located in one of North Texas' fastest-growing areas, offering excellent potential for growth and return on investment. Cross street is Wichita Street.
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
- Decatur
- County
- Wise
- State
- Texas
- Longitude
- -97.5977
- Latitude
- 33.2377
