1608 W Moore Ave Terrell, TX 75160

21,056 SF 3.08 ac lot Built 1963

Entity Owned 11-yr Hold Free & Clear

Property ID

US82-4824413

Google Maps

This exceptional commercial property, located at 1608 W Moore Ave, Terrell, TX 75160, presents a lucrative investment opportunity. The 28,420 square foot building, situated on a 3.081-acre lot in Kaufman County, is currently leased to a Hyundai dealership under a one-year term. Built in 1963 and recently renovated to meet all City of Terrell Certificate of Occupancy guidelines, the property boasts a two-story structure with a service bay, showroom, parts department, offices, and ample parking. The property features electric heating and central air conditioning. Its strategic location at the major intersection of SH 205 and US Hwy 80 ensures prime visibility and accessibility. Zoned for Commercial Main use, this property is ideal for car or equipment dealerships, distribution centers, or various retail ventures. The current lease provides a stable income stream, operating at approximately an 8% cap rate, with a net operating income (NOI) of $999. The asking price is $3,900,000, translating to $137 per square foot. The property's APN is 41585. This is a rare opportunity to acquire a high-performing commercial property in a thriving area, just 30 miles east of Dallas. The property includes on-site garage parking.