Current Use by Public Records
- Retail properties & Spaces
Property Details for 15048 Us-75
- Year built
- 1999
- Lot size
- 19.66 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional mixed-use property, Stone Ranch, presents a unique investment opportunity in Van Alstyne, Texas. Located on approximately 19.658 acres, this property boasts a prime location with approximately 500 feet of frontage on US Highway 75 and approximately 80 feet on Jay Road, offering excellent visibility and accessibility. The property includes a two-story building totaling 5,780 square feet, currently housing nine units configured as a combination of executive offices and apartments, with a current occupancy rate of 15%. Built in 1999, the property is zoned Commercial Residential ETJ, allowing for diverse development possibilities. An existing, operational stone yard is included, along with an estimated $200,000 inventory of materials, plus a substantial list of equipment, tractors, and trucks. The flat land offers significant potential for expansion and development, capitalizing on the growth of Grayson County, a region attracting major companies. The asking price is $6,475,000, with a land value of $1,167.82 per square foot. This property offers a compelling blend of existing income streams and significant future development potential. The gross lease structure provides straightforward management. The property's multi-tenancy further enhances its investment appeal. This is a rare opportunity to acquire a substantial mixed-use property in a rapidly growing area of North Texas.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Van Alstyne
- County
- Grayson
- State
- Texas
- Longitude
- -96.6053
- Latitude
- 33.4523
