109 State 224 Highway
Commerce, TX 75428
MLS ID# 20351155 Active
Industrial
$575,000
Details for 109 State 224 Highway, Commerce TX 75428
Great Investment property for sale, and it is fully leased out. The whole property is Fenced off. It has a 4-bay metal building of 1800sqft installed a month ago. Has a 384 sqft furnished office built in 1995. The property has power and electricity! The current lease holder terms are $5000 a month NNN with a 2% increase in base rent each year. 2-year lease with an automatic 2-year extension.The property borders the biggest dealership in Commerce, Family Ford of Commerce. The tenant is responsible for a million-dollar insurance policy and pays property tax, CAM, Water, electricity, phone, and internet. The landlord doesn't have any kind of expenses. The tenant has a transportation company, So they are parking 53-foot trailers on the property.
Features and Details
- Category Residential
- Type Industrial
- Area/Neighborhood
- County Hunt
- Acreage 3.38 Acres
- MLS ID# 20351155
- Year Built 2022
- Beds Total 0
- Baths Total 0
- Baths Full 0
- Baths Half 0
- Garage Capacity 0
- Living Area 0 sqft
- Construction
- Aluminum Siding, Metal Siding, Steel Siding, Other, Metal, Mixed, Other, Concrete Perimeter, Slab, Other
- Heating/Cooling
- Central, None, Central Air, None
- Flooring
- Concrete
- Green Features
- Green Verification Count: 0
- Parking
- Additional , Concrete
- Utilities
- City Sewer, City Water, Co-op Electric, Electricity Available, Other
- Year Built
- 2022, Preowned