309 N Fm 2353 Active Save Request In-Person Tour Request Virtual Tour
Possum Kingdom Lake,TX 76449
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Pickwick Acres Pk La
MLS Listing ID 20479603
Total Fin. Sqft 5204
Year Built 1980
Annual Tax Amount $3,320
Lot Size 0.778 Acres
Acres 0.778
Property Description
INVESTORS! Fantastic multi-use commercial property in the heart of PK's East side commercial business district, close to restaurants, the Chamber of Commerce, PK Airport and other businesses. This high return investment property offers 4 separate business units, a large residential apartment, 3 RV spaces and a large garage-shop. Each space is occupied and under lease. Additionally, there is lease income from an overhead billboard and extra storage building for personal use or supplementary income. The billboard lease agreement is renewed for several years. Current owners have done many repairs and upgrades to the building over the past 3 years, and also added a drive to provide access from Airport Rd to the RV spaces and apartment. This property provides steady rental income, and with one adjacent acre also for sale (behind Brazos Title building), it is a great opportunity for future growth. The land is available in a separate listing or the two properties can be purchased together.
Location
State TX
County Palo Pinto
Zoning Unincorporated area, no zoning
Direction GPS friendly address; from Graham follow Hwy 16 to FM 2353, turn right onto 2353, property will be on the right just a little past Pickwick Dr.
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Varies
Heat Source Central,Electric
Exterior
Utilities Available Asphalt,Co-op Electric,Co-op Water,Electricity Connected,Individual Water Meter,Outside City Limits,Overhead Utilities,Septic,Unincorporated
Roof Type Metal
Parking Type Asphalt,Parking Lot
Garage No
Building
Lot Description Few Trees
Foundation Slab
Structure Type Cedar,Frame
Others
Ownership See Tax
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional