2820 US HIGHWAY 380, DECATUR, TX 76234
Homes for sale in Decatur.
Homes for sale in 76234.
List Price$2,690,000
2820 US Highway 380
Decatur, TX 76234
Listing #21073972
19,126
Square Feet
66
Number of Units
Commercial
Type
About This Property
380 Eagle's Nest is a turnkey investment opportunity located just off Hwy 380 in the Decatur ETJ of Wise County. This income-producing property features a tiny home community and storage facility on approximately 3.74 acres, generating $367,920 in gross annual revenue and $282,519 in net income, delivering a 10.5% cap rate. The property includes 16 custom-built tiny homes, each approximately 392 square feet, with full kitchens including a refrigerator, cooktop, oven, and microwave. Homes are not furnished. Water, electric, and trash service are included for tiny homes. A coin-operated laundry facility with Speed Queen commercial equipment is also on-site, adding convenience and additional income. The property offers 50 storage units and 5 parking spaces, with rental rates ranging from $50 to $1000 month. Operated on city water and septic, and located in the county, the site requires no city approvals for improvements or expansion. With low annual expenses of $85,401 and strong demand driven by the Decatur and DFW markets, this is a rare opportunity for stable returns and long-term growth. Aerial imagery is for illustration only. Property boundaries and acreage (approx. 3.74 acres) subject to survey. Sales price is not contingent on exact land size. Property to be sold by metes and bounds description. This property may be purchased individually or together with the adjoining asset as a single turnkey investment. For details on the companion listings, see: Storage Facility -- MLS #21073775 and Tiny Home Community -- MLS #21073865. Buyers have the flexibility to acquire either asset separately or both as one combined portfolio.
Property Features
Location Information
County
Wise
Subdivision
JH MOORE
Interior Features
Has Fireplace
No
Floors
Concrete, Wood
Heating
Electric
Total Number of Units
66
Cooling
Electric
Exterior Features
Construction
Metal Siding, Wood Siding
Lot Size in Sq. Ft.
119,354
Foundation
Slab
Possible Best Use
Other
Roof
Composition, Metal
Zoning
unincorporated
Utilities
Septic Available
Building Total Area (Sq. Ft.)
19,126
Parking Description
Additional Parking, RV Access/Parking
Is One Story
No
Lot Description
Acreage
Lot Description
Acreage
Lot Size in Acres
2.74
Additional Information
Year Built Details
Preowned
Status
Closed
Property Type
COM
Tax Annual Amount
14616.0
Property SubType
Business
Lot Acres Source
Assessor
Year Built
2002
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