Pending
973 Stonecrest Road
Argyle TX, 76226
$3,100,000
$119.23 per sqft
Pending
26,000 sqft
Commercial
Built in 2019
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!
20382621
MLSⓇ ID
May 9, 2024
Updated
Map
973 Stonecrest Road
Argyle TX, 76226
Interior Features
Total Stories
1
Floor Description
Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
3.39 Acres
Roof
Metal
Sewer
Aerobic Septic
Other Property Details
Days on Market
8
Garage
No
Parking
Additional Parking, Assigned, Gravel
View
No
County
Denton
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Listed by Daniel Bode with SUMMIT, REALTORS
Listing Contact: 347-878-2526
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Data last updated on 5/9/2024 at 1:07 PM UTC