321 E FM 120, POTTSBORO, TX 75076
Homes for sale in Pottsboro.
Homes for sale in 75076.
321 E Fm 120
Pottsboro, TX 75076
List Price$495,000
Listing #20793686
About This Property
Discover an exceptional investment opportunity with this versatile 3-unit commercial property located on the bustling main road of Pottsboro, Texas. Ideally situated on a .413 acre lot, this property offers high visibility and accessibility in an area poised for significant growth. With Lake Texoma just minutes away and major developments such as the upcoming Hard Rock and Margaritaville resorts, this location is positioned to benefit from increasing local and tourist traffic. Property Overview Built in 2000, this solid metal building offers durability and functionality, perfectly suited for a variety of commercial uses. The structure sits on a concrete slab and features a covered front porch, adding both curb appeal and convenience for patrons. Current Configuration * Unit 1 & Unit 2: These two units are currently leased to a well-established restaurant, offering an attractive opportunity for a buyer interested in continuing operations or reconfiguring for other uses. While the restaurant's equipment and furnishings are not included in the list price, they are negotiable, opening possibilities for seamless transition or expansion. * Unit 3: The third unit is leased to an insurance company, providing steady rental income and diversification within the property. Versatility and Income Potential The flexible layout of this property makes it ideal for investors, owner-operators, or entrepreneurs seeking a high-traffic location for their business. Whether you choose to retain the current tenants, repurpose the space for retail, offices, or a new restaurant concept, this property offers unlimited potential.
Property Features
Location Information
County
Grayson
Subdivision
Potts Texoma Add
Interior Features
Has Fireplace
No
Tenant Pays
All Utilities
Heating
Central
Total Number of Units
3
Cooling
Central Air
Accessibility
Accessible Approach with Ramp
Floors
Concrete, Ceramic Tile, Linoleum, Luxury Vinyl Plank
Exterior Features
Construction
Metal Siding
Lot Size in Acres
0.413
Foundation
Slab
Lot Size in Sq. Ft.
17,990
Roof
Metal
Possible Best Use
Office, Restaurant, Retail
Water / Sewer
Natural Gas Available, Sewer Available, Water Available
Zoning
B1 - offices, light retail, and neighborhood servi
Utilities
Natural Gas Available, Sewer Available, Water Available
Building Total Area (Sq. Ft.)
2,800
Parking Description
Asphalt, On Site, Parking Lot
Is One Story
No
Lot Description
Corner Lot
Lot Description
Corner Lot
Additional Information
Year Built Details
Preowned
Tax Annual Amount
5743.0
Property Type
COM
Exclusions
Business and non realty items are negotiable and not included in list price
Property SubType
Retail
Documents Available
Aerial
Year Built
2000
Lot Acres Source
Assessor
Status
Active
Similar Listings
Mortgage Calculator
$2,310
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,783
Monthly Tax
$412
Monthly Insurance
$115
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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