107 W Hayes St Savoy, TX 75479

Property Details for 107 W Hayes St

Year built

2004

Lot size

0.12 lot acres

Property size

2,000 SF

Property type

Commercial real estate

APN

85381

APU

85381

Description

This exceptional 2,000 square foot storage facility in Savoy, Texas, presents a lucrative investment opportunity. Currently boasting 17 fully occupied units, this property enjoys low tenant turnover and below-market rental rates, promising immediate cash flow and significant upside potential. Strategically located on 0.12 acres directly off Highway 56, it offers easy access to major thoroughfares including Highways 121, 82, and 69, ensuring high visibility and convenient access for customers throughout Fannin County. The property features security lighting in the central area and has recently undergone improvements, including a complete repaving of the lot with new gravel. This well-maintained facility is primed for a new owner to implement revenue-enhancing strategies, with projections indicating a 10% or greater increase in profitability. The strong occupancy rate, below-market rents, and prime location combine to create an exceptional return on investment. This is a rare opportunity to acquire a stable, high-performing asset with significant growth potential in a thriving market. The property's current condition and strategic location make it an ideal investment for both seasoned and new investors seeking a reliable income stream and substantial long-term appreciation. The existing infrastructure and recent improvements minimize immediate capital expenditures, allowing for a quick return on investment.

Location Insight

City

Savoy

County

Fannin

State

Texas

Longitude

-96.3676

Latitude

33.5993

CBSA code

14300

CBSA name

BONHAM, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments