9943 Fm 1385, Pilot Point, TX 76258
- Commercial real estate
- 3,612 SF
Current Use by Public Records
- Pilotpoint Flex Sports Complex / Gym & Fitness Center / Sports Field & Court
Property Details for 9943 Fm 1385
- Property type
- Commercial real estate
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 17, 2023 | — | Suneel Kodeboyina | Marian Shearer Bilyeu | Deed | $665k · Kind Lending LLC |
Description
This exceptional investment opportunity presents a thriving QSR/fast-food establishment in Pilot Point, Texas. Located at 9943 FM 1385 in Denton County (zip code 76258), this property boasts a substantial 3,612 square feet on a one-acre lot with 525 square feet of highway frontage. Currently operating as a profitable business generating $5,000 per month in net-net-net (NNN) lease income, this property offers immediate cash flow. The property is zoned for commercial use and is situated outside city limits and extraterritorial jurisdiction (ETJ). The existing building provides ample space for a variety of QSR concepts, including the current coffee shop/dhaba operation. The significant one-acre lot allows for substantial future expansion, with potential to construct up to 20,000 square feet of additional retail space. Furthermore, the seller is offering the opportunity to acquire additional acreage, making this an ideal location for a larger development, such as a sports complex. This is a 1031 exchange eligible property, priced at $1,200,000. Don't miss this chance to acquire a high-yield, strategically located commercial property with significant upside potential.
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Location Insight
- Map
- Local Demand
- City
- Pilot Point
- County
- Denton
- State
- Texas
- Longitude
- -96.902498280149
- Latitude
- 33.337186401897
