6420 & 6416 SUMMIT ROAD, GRANBURY, TX 76048

Homes for sale in Granbury.

Homes for sale in 76048.


6420 & 6416 Summit Road

Granbury, TX 76048

Status of the property has changed, please contact for details

List Price$475,000

Listing Image Listing Image

Listing #20546843

14,068

Square Feet

61

Number of Units

Commercial

Type

About This Property

Investment OPPORTUNITY!! Tremendous land value in this highly visible corner acreage with road frontage on both sides. Fantastic location off Mambrino Hwy and Summit Rd, close to the back gate of Pecan Planation. 3 buildings making up 56 storage units and 3 offices. Offices are currently used as storage units as well. Existing units takes up about 1 acre of the total 2.57 acres. Additional storage units, RV storage, or even duplexes could be built on the approximately 1.5 acres that is not yet developed. There is also a billboard on property managed by Arrington that provides income. A little TLC and creativity would make this a great investment. Potential for future commercial development on this highly visible corner. Current gross rental income is approximately $33,000 annually per sellers with 90-95% occupancy. Avg per unit is $44. Plenty of room to increase rent. Unit sizes range from 8X12 to 12X30.

Similar Listings

Schools

Walk Score

Real Estate IDX Powered by iHomefinder