2400 Ennis Ave Ennis, TX 75119
- Commercial real estate
- 12,200 SF
- 2.46 lot acres
Current Use by Public Records
- Furniture by Sleep Quarters / Mattress Store
Property Details for 2400 Ennis Ave
- Year built
- 1999
- Lot size
- 2.46 lot acres
- Property size
- 12,200 SF
- Property type
- Commercial real estate
- APN
- 25.9244.000.001.00.103
- APU
- 25924400000100103
Description
This exceptional 12,200 square foot retail center, situated on a 2.46-acre lot in Ennis, Texas, presents a compelling investment opportunity. Built in 1999 and renovated in 2012, the property boasts a single, 100% occupied tenant under an absolute NNN lease with one year remaining. The asking price is $1,650,000, representing a 7.00% cap rate and a price per square foot of $135.25. Currently configured for a single tenant, the building's design allows for subdivision into a multi-tenant strip center, catering to diverse business needs, including medical, professional, or banking uses. Its prominent location on Highway 287 ensures high visibility and traffic, enhanced by a large lighted marquee sign. The property benefits from its proximity to a thriving strip center and popular local restaurant. This well-maintained structure features a new roof and excellent insulation. With a twenty-year history under single ownership, this property offers significant potential for growth in a rapidly expanding area just 32 miles from Dallas. The property is zoned for commercial retail use. A lease for the entire building is available.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ennis
- County
- Ellis
- State
- Texas
- Longitude
- -96.6532
- Latitude
- 32.3214
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
