Fm 718 Newark, TX 76071

Property Details for 0 Fm 718

Year built

1983

Lot size

0.28 lot acres

Property size

1,703 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

This exceptional multi-use property, situated on a 0.28-acre lot in Newark, Texas, presents a unique investment opportunity. The main structure, built in 1983, offers 1,703 square feet of living space, featuring three bedrooms and two bathrooms. The interior boasts a remodeled kitchen with custom cabinets, Corian countertops, and stainless steel appliances. A large dining area with a built-in hutch, updated bathrooms, and walk-in closets enhance the living space. The home also includes Pergo flooring, ceiling fans, and recessed lighting. Exterior features include a private backyard enclosed by commercial-grade vinyl fencing, a detached rear-entry garage with a workbench, and a covered patio. A newly remodeled office space, located off the detached garage, is fiber-ready, ideal for remote work or a small business. Recent upgrades include a whole-house water softener (2021) and a backyard fire pit (2024). The property also includes a second building, resulting in a total of 1,903 net rentable square feet. The property is zoned for both residential and commercial use, offering flexibility for a variety of business ventures or residential expansion. Currently operating at 100% occupancy, this property is a turnkey investment ready for immediate income generation. Located on FM 718 in Wise County, this property offers convenient access to local amenities and transportation routes. The asking price is $340,000.

Location Insight

City

Newark

County

Wise

State

Texas

Longitude

-97.4559

Latitude

32.9878