709 Sam Rayburn Pkwy Bonham, TN 75418
- Retail properties
- 14,562 SF
- 0.33 lot acres
Current Use by Public Records
- Retail properties
Property Details for 709 Sam Rayburn Pkwy
- Year built
- 2020
- Lot size
- 0.33 lot acres
- Property size
- 14,562 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 14,562 square foot storefront property at 709 Sam Rayburn Parkway in Bonham, Tennessee, presents a lucrative investment opportunity. Currently operating as a beauty salon under a gross lease with one year remaining, the property boasts 100% occupancy, generating a strong 9.00% cap rate at an asking price of $80,000 ($6.87/sq ft). Built in 2020, this single-story building sits on a 0.33-acre lot (APN 83642) and is zoned for commercial use. Its strategic location in the heart of Bonham offers excellent visibility and accessibility, close to the downtown area and the local trades day. The property's adjacency to Bonham's only food truck park further enhances its appeal. The versatile space presents numerous possibilities for future tenants or uses, making it an ideal investment for discerning buyers. The property was recently carved from a larger parcel. This is a single-unit building.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bonham
- County
- Roane
- State
- Tennessee