2511 Fm 718 Newark, TX 76071-3114
This exceptional 2,325 square foot commercial property, situated on a 0.69-acre lot at 2511 Fm 718 in Newark, Texas, presents a unique investment opportunity. Currently operating as an auto repair shop, the tenant will vacate within 30-40 days, leaving the space ready for immediate redevelopment. The building boasts brand new bay doors, a significant advantage for various business types. Its strategic location makes it ideally suited for a diverse range of commercial ventures. The high-growth area surrounding the property offers excellent potential for strong returns on investment. Consider the possibilities of transforming this space into a boat storage facility, a convenient C-store, or another retail establishment. The ample space and convenient location provide a solid foundation for a thriving business. The property's 0.69-acre lot offers ample room for expansion or outdoor storage, further enhancing its versatility. This is a rare opportunity to acquire a well-located commercial property with significant upside potential in a rapidly developing area. The existing infrastructure, including the new bay doors, minimizes initial capital expenditures, allowing for a quicker return on investment. Don't miss this chance to secure a prime commercial property in a thriving Texas market. The asking price is $350,000.
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Concourse Trim Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.