711 Sam Rayburn Pkwy Bonham, TX 75418
- Commercial real estate
- 504 SF
- 0.99 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 711 Sam Rayburn Pkwy
- Year built
- 2020
- Lot size
- 0.99 lot acres
- Property size
- 504 SF
- Property type
- Commercial real estate
Description
This thriving food truck park in Bonham, Texas, presents a unique investment opportunity. Located at 711 A W Sam Rayburn Parkway, this Class B property boasts 504 square feet on a 0.99-acre lot (APN 83642) and is zoned for commercial use. Built in 2020, the single-story building features four currently occupied food truck spaces, with additional space for up to ten trucks. The property includes a stage with power, a patio area for live music, a commissary, and a storage room to support tenants. Its prime location offers easy access to major cities including Paris, McKinney, and Sherman (approximately 40 miles away), and is conveniently situated about 10 miles from the upcoming Bois D'Arc Lake. The current asking price is $180,000, representing a compelling $396.83 per square foot and an attractive 11% cap rate. High demand is evidenced by consistent inquiries regarding additional food truck spaces. This turnkey operation offers immediate income potential and significant upside for future expansion. The property's strategic location and existing infrastructure make it an ideal investment for both seasoned and aspiring entrepreneurs in the food service industry. This is a rare opportunity to acquire a well-established and profitable business with significant growth potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bonham
- County
- Fannin
- State
- Texas
- Longitude
- -96.1911
- Latitude
- 33.5772
