Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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