Granbury, TX 76048,6420 & 6416 Summit Road
Granbury, TX 76048,6420 & 6416 Summit Road
Granbury, TX 76048,6420 & 6416 Summit Road
Granbury, TX 76048,6420 & 6416 Summit Road
Granbury, TX 76048,6420 & 6416 Summit Road
Granbury, TX 76048,6420 & 6416 Summit Road
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$475,000

Est.Price: ?

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Est. payment /mo

2.57 Acres Lot


SOLD DATE : 06/28/2024

Key Details

Property Type Commercial

Sub Type Warehouse

Listing Status Sold

Purchase Type For Sale

Subdivision Adams

MLS Listing ID 20546843

Sold Date 06/28/24

Total Fin. Sqft 14068

Year Built 1985

Annual Tax Amount $1,217

Lot Size 2.570 Acres

Acres 2.57

Property Description

Investment OPPORTUNITY!! Tremendous land value in this highly visible corner acreage with road frontage on both sides. Fantastic location off Mambrino Hwy and Summit Rd, close to the back gate of Pecan Planation. 3 buildings making up 56 storage units and 3 offices. Offices are currently used as storage units as well. Existing units takes up about 1 acre of the total 2.57 acres. Additional storage units, RV storage, or even duplexes could be built on the approximately 1.5 acres that is not yet developed. There is also a billboard on property managed by Arrington that provides income. A little TLC and creativity would make this a great investment. Potential for future commercial development on this highly visible corner. Current gross rental income is approximately $33,000 annually per sellers with 90-95% occupancy. Avg per unit is $44. Plenty of room to increase rent. Unit sizes range from 8X12 to 12X30.

Location

State TX

County Hood

Zoning Unzoned

Direction From Granbury, head south on Hwy 144, turn left onto Mambrino Hwy. Property is just past Tommy's gas station on the left.

Interior

Heating None

Cooling None

Flooring Concrete

Heat Source None

Exterior

Utilities Available Asphalt, Co-op Water, Electricity Available, MUD Sewer

Roof Type Metal

Parking Type Driveway, On Site, Parking Pad

Garage No

Building

Lot Description Cleared, Corner Lot, Few Trees, Level

Foundation Slab

Structure Type Metal Siding

Others

Ownership Harry & Dianne Thompson

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Austin Jordan • Keller Williams Brazos West
Bought with Kyndal Hall • Lone Star Realty
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