1401 Joe Ramsey BlvdGreenville, TX 75402

  • Other commercial real estate
  • 10,950 SF
For Sale
$6,700,000 View listing

Property Details for 1401 Joe Ramsey Blvd

Year built
1989
Lot size
10.17 AC
Property size (Sq ft)
10,950 SF
Property type
Other commercial real estate
APN
5066-0010-0010-41
APU
50660010001041

Description

This exceptional 32,920 square foot commercial property, located at 1401 Joe Ramsey Boulevard in Greenville, Texas, presents a unique investment opportunity. Currently operating as Greenville's only movie theatre, this established business boasts 12 screens of varying sizes, capable of seating 1242 patrons. Built in 1997 and expanded in 2000, the theatre features comfortable rocker-style and recliner seating throughout. Two concession areas and two restroom facilities cater to the audience. The property sits on a substantial 10.17-acre lot, providing ample parking in a large concrete parking area. Its strategic location offers excellent visibility and accessibility, fronting Joe Ramsey Boulevard (Highway 69) and enjoying proximity to Interstate 30. This prime location makes it ideal for continued operation as a movie theatre or presents significant potential for redevelopment into other commercial ventures. The property's size and location offer considerable flexibility for future uses, making it an attractive investment for discerning buyers. The asking price is $6,700,000.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,760,218
    Hospitality
    $2,528,345
    Educational
    $2,103,554
    Medical
    $2,175,898
    Retail
    $3,272,194
1401 Joe Ramsey Blvd, Greenville, Texas
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Location Insight

City
Greenville
County
Hunt
State
Texas
Latitude
33.1125
Longitude
-96.0968
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$52,692
$939,050
$1,560,950
$2,500,000
-
$939,050
$1,560,950
$2,500,000

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