326 Edmonds Ln Lewisville, TX 75067

Property Details for 326 Edmonds Ln

Year built

1987

Lot size

0.20 lot acres

Property size

2,386 SF

Property type

Office Properties & Spaces

APN

R657583

APU

R657583

Description

This turnkey 1,676 square foot Class B office/medical condo in Lewisville, Texas, is situated on a 0.039-acre lot (APN 676872). Built in 1987 and completely remodeled, it features a sleek, modern design with dark accents and includes all furniture, technology, and fixtures. The layout is highly functional, encompassing a reception area, waiting room, multiple offices (including a loft area), a six-plus person conference room, and a kitchenette. Currently leased under a triple-net (NNN) agreement with annual 4% rental escalations until 5/31/2027, this property presents a compelling investment opportunity for owner-users or passive investors seeking a 1031 exchange. The NNN expenses are approximately $11.46 per square foot, inclusive of a $479 monthly HOA fee. Its prime location near the intersection of W. Main Street and I-35E offers easy access to Lewisville and surrounding areas, with proximity to schools and numerous amenities. The property is ideal for various uses, including traditional office space, medical offices, and off-site storage. Minimal to no capital improvements are required. This single-unit property offers a rare opportunity in a high-barrier-to-entry market.

Location Insight

City

Lewisville

County

Denton

State

Texas

Longitude

-97.0094

Latitude

33.0445

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments