109 N Murphy Rd, Murphy, TX 75094
- Commercial real estate
- 7,070 SF
- 1.03 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 109 N Murphy Rd
- Year built
- 2016
- Lot size
- 1.03 lot acres
- Zone code
- TC
- Property type
- Commercial real estate
- APN
- R-10407-00A-0030-1
- APU
- R1040700A00301
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 8, 2023 | — | Bk Investments I LLC | Kashmir Singh | Venders Lien | $4.7M · Premier America Cu |
| Mar 9, 2022 | — | Kashmir Singh | Mcfarland Investment Properties LLC | Venders Lien | $4.7M · Premier America Cu |
| Jul 3, 2019 | — | Mcfarland Invs Prop LLC | Murphy Retail LLC | Grant Deed | $4.2M · Wells Fargo Bk |
| May 13, 2019 | — | Harper Murphy Retail LLC | — | Deed · related | $3.8M · Texas Star Bk |
| Jan 29, 2016 | — | Harper Murphy Retail LLC | Wal-mart R/e Busn Trust | Grant Deed · related | — |
| — | — | Harper Murphy Retail LLC | — | Loan Modification · related | $3.8M · Texas Star Bk |
| — | — | Harper Murphy Retail LLC | — | Deed Of Trust · related | $4.1M · Texas Star Bk |
Description
This exceptional 14,500 square foot retail and restaurant space presents a unique investment opportunity in the thriving city of Murphy, Texas. Located at 109 S Murphy Rd, 75094, this property boasts a highly visible end-cap position, ideal for businesses seeking maximum exposure. The building is classified as a multi-tenant property, offering flexibility for various retail concepts or restaurant establishments. Situated in Collin County, this location benefits from a strong local economy and a dense population base, ensuring a steady stream of potential customers. The "second-generation" nature of the space suggests existing infrastructure suitable for quick adaptation to a new tenant's needs, potentially reducing initial setup costs. The storefront design is optimized for high foot traffic and visibility, making it an attractive proposition for businesses seeking a prominent presence in the community. This property is categorized as both retail and restaurant space, offering versatility for a wide range of businesses. The precise configuration and layout of the 14,500 square feet can be further explored upon request, allowing potential tenants to envision their ideal space within this prime location. This is an excellent opportunity to establish or expand a business in a vibrant and growing Texas market. Contact us today to schedule a viewing and explore the possibilities.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,625,000
- 6.5%
- $1,500,000
- 7%
- $1,395,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,105,000
Market price range: $321k - $1.20M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Murphy
- County
- Collin
- State
- Texas
- Longitude
- -96.6134
- Latitude
- 33.0137
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
