1201 MAIN STREET #230, ALLEN, TX 75002
Homes for sale in Allen.
Homes for sale in 75002.
1201 Main Street #230
Allen, TX 75002
List Price$400,000
Listing #21134249
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
Similar Listings
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.
Schools
Walk Score
Real Estate IDX Powered by iHomefinder

