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Property profile & analytics
OFF-MARKET
Commercial real estate

2511 Fm 718 Newark, TX 76071-3114

2,326 SF 0.69 ac lot
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US82-9394931
Property summary
AI-generated overview

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
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,326 SF
Lot 0.69 ac (29,969 SF)
APN R1375.0002.01
UPID US82-9394931
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Concourse Trim Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Adam Jawdat Obaid · 2 yrs held
Adam Jawdat Obaid
since 2024
2 recorded transactions
2024
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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