Current Use by Public Records
- Specialty properties
Property Details for 0 Fm 718
- Year built
- 1983
- Lot size
- 0.28 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
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.
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
- Newark
- County
- Wise
- State
- Texas
- Longitude
- -97.4559
- Latitude
- 32.9878
