8347 Park Lane

    Dallas, TX 75231
    • $2,300,000
    • STATUS: Active
    • ON SITE: 175 days
    • MLS #: 14024904
    UPDATED: 66 min ago
    $2,300,000
    • 0
      BEDS
    • 0.68
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:

    School Ratings & Info

    Offered by Fikru Tadesse of T. Custom Realty.

    Description

    Location, Location! An excellent opportunity for Commercial Developers and Investors in anticipated future upscale neighborhood within vicinity to Downtown Dallas and target areas. This multi-tenant facility has Low turn-over tenants as most tenants occupied this building more than ten years. Tenancy occupancy rate is high due to high visibility & high traffic areas where all the major roads meet. According to the City, the building is zoned to attract different businesses. Pro Forma rental of the future is very bright and even more profitable. Sellers are ready to retire after 20 years of management & dedication to this fantastic unit.

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    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Town & Country. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than RE/MAX Town & Country are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-08-23T13:42:46.573.
    www.rmxtc.com/homes/92220470

    8347 Park Lane Dallas, TX 75231

    • Price: $2,300,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: 14024904
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.68
    Acres
    1979
    Built
    Neighborhood:
    Parkridge
    County:
    Dallas
    Area:
    Dallas Northeast
    Property Description
    Location, Location! An excellent opportunity for Commercial Developers and Investors in anticipated future upscale neighborhood within vicinity to Downtown Dallas and target areas. This multi-tenant facility has Low turn-over tenants as most tenants occupied this building more than ten years. Tenancy occupancy rate is high due to high visibility & high traffic areas where all the major roads meet. According to the City, the building is zoned to attract different businesses. Pro Forma rental of the future is very bright and even more profitable. Sellers are ready to retire after 20 years of management & dedication to this fantastic unit.
    Exterior Features

    Construction BlockBrick Construction Materials Walls BrickCement Block Foundation Slab Parking Or Garage Common Lot Roof MetalTar/Gravel Waterfront YN No

    Interior Features

    Ceiling Height 11 To 14 Feet15 To 20 Feet Commercial Features Multi-User Flooring Other Heating Central Air-ElecCentral Heat-ElecCentral Heat-Gas Sq Ft Building 8491 Sq Ft Gross 29534 Sq Ft Leasable 8491

    Property Features

    Alarm Or Security Type Other Building Area Source Tax Building Use Bar/TavernsBeauty/BarberMedicalOfficeOtherRestaurantRetailSchools Commercial Zoning Commer Construction Status Preowned Gross Annual Expenses 76400 Gross Annual Income 202056 Inclusions Building OnlyLand & Improvements Lot Size Source Tax Min Lease Rate 24.00 Multi Zoning Yes Municipal Utility District No Net Annual Income 125656 Occupancy Rate 99 Owner Pays Common AreaLawn CareOther Possession Closing/Funding Property Type Com-Sale Tenant Pays All UtilitiesOther Unexempt Taxes 51258 Utilities City SewerCity WaterIndividual Gas MeterIndividual Water MeterMaster Water Meter Will Subdivide No

    Listing information © 2019 North Texas Real Estate Information System.


    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Town & Country. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than RE/MAX Town & Country are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-08-23T13:42:46.573.
     
    RE/MAX Town & Country
    301 S Watters Road
    Allen TX, 75013
    Offered by Fikru Tadesse of T. Custom Realty.