$3,100,000
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973 Stonecrest Road Argyle, TX 76226
3.39 Acres Lot
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Frasher Addn
MLS Listing ID 20382621
Year Built 2019
Lot Size 3.393 Acres
Property Description
Rare commercial opportunity in Argyle, Owner Agent relocating! Sell all or Part! A 3.4 acre property with 26,000 square feet of flex space with existing pad sites to add an additional 10,000 square feet or utilize for RV or Boat Storage. Currently 100% leased at 30% or more under current market rates, with cash flow of over $18,000 per month, current cap rate is 6.5%. There have been only 3 vacancies in the past 5 years, none having duration of more than a week or two. The buildings are newer, ranging from 1 to 5 years old and demised into 1,250 to 2,500 sq ft units, aggressively priced at under $120 per sq ft.
This property is located in a growth area near FM407 and 35W in unincorporated Denton County, surrounded by multiple commercial and new housing projects including, Canyon Falls, Pecan Square, Harvest Meadows, Robison Ranch and more even larger additions being added very soon in Northlake and Flower Mound. Come check it out today!
Location
State TX
County Denton
Zoning Unincorporated mixed use
Interior
Heating Electric
Cooling Electric
Flooring Concrete
Exterior
Utilities Available Aerobic Septic, Cable Available, City Water, Co-op Electric, Concrete, Electricity Available, Electricity Connected, Gravel/Rock
Roof Type Metal
Building
Foundation Slab
Structure Type Metal Siding
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Bought with Chase Traughber • Axis Realty Group