1201 MAIN STREET #230, ALLEN, TX 75002

Homes for sale in Allen.

Homes for sale in 75002.


1201 Main Street #230

Allen, TX 75002

Active

List Price$400,000

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Listing #21134249

5,600

Square Feet

1

Number of Units

Commercial

Type

About This Property

Excellent opportunity to acquire a fully operational and well-established hookah lounge business operating since February 2022. The business is located in a 5,600 SF building (built in 2002) with open parking and strong local presence. The business operates under an NNN lease with monthly rent of $5,000, in place through February 2027, with options to renew. No rent escalations. All lease documents are available. Monthly operating expenses include approximately $1,500 for hookah tobacco, $3,000 for food, and $300 for insurance. Tenant pays utilities including water, electricity, and internet. Staffed with 4 employees. No deferred maintenance. The sale includes inventory and equipment valued at approximately $200,000. Business is owned by an LLC and has no HOA, no liens, and no legal issues. Seller is offering the business for sale to focus on other professional ventures. Trailing 1-4 weeks. P&L, tax bills, and lease documentation available upon request. Confidential sale. Serious inquiries only.

Property Features

Location Information

County

Collin

Subdivision

Allen Heights Shopping Center

Interior Features

Has Fireplace

No

Floors

Concrete, Ceramic Tile

Heating

Central

Tenant Pays

All Utilities, Cable TV, Electricity, Insurance, Management

Cooling

Central Air

Total Number of Units

1

Exterior Features

Construction

Brick, Frame, Concrete

Lot Size in Acres

0.129

Foundation

Slab

Lot Size in Sq. Ft.

5,600

Roof

Other

Possible Best Use

Other

Water / Sewer

Electricity Available, Electricity Connected, Sewer Available

Zoning

Commercial

Utilities

Electricity Available, Electricity Connected, Sewer Available

Building Total Area (Sq. Ft.)

5,600

Parking Description

Common

Is One Story

No

Additional Information

Year Built Details

Preowned

Year Built

1985

Property Type

COM

Status

Active

Property SubType

Business

Lot Acres Source

Owner

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Mortgage Calculator

$1,867

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,441

Monthly Tax

$333

Monthly Insurance

$93

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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