Homes for sale - 973 Stonecrest Road, Argyle, TX 76226

Silvia & Luiz Mendes

Global Real Estate Advisors | License ID: 0613524

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$ 3,100,000

Est. payment -/mo

Sold on 11/14/2024

973 Stonecrest Road Argyle, TX 76226

3.39 Acres Lot

UPDATED:

Key Details

Sold Price $3,100,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Frasher Addn

MLS Listing ID 20382621

Sold Date 11/14/24

Total Fin. Sqft 26000

Year Built 2019

Lot Size 3.393 Acres

Acres 3.393

Property Description

Rare commercial opportunity in Argyle, Owner Agent relocating! Sell all or Part! A 3.4 acre property with 26,000 square feet of flex space with existing pad sites to add an additional 10,000 square feet or utilize for RV or Boat Storage. Currently 100% leased at 30% or more under current market rates, with cash flow of over $18,000 per month, current cap rate is 6.5%. There have been only 3 vacancies in the past 5 years, none having duration of more than a week or two. The buildings are newer, ranging from 1 to 5 years old and demised into 1,250 to 2,500 sq ft units, aggressively priced at under $120 per sq ft.

This property is located in a growth area near FM407 and 35W in unincorporated Denton County, surrounded by multiple commercial and new housing projects including, Canyon Falls, Pecan Square, Harvest Meadows, Robison Ranch and more even larger additions being added very soon in Northlake and Flower Mound. Come check it out today!

Location

State TX

County Denton

Zoning Unincorporated mixed use

Direction From 35W go East on FM407 1 mile to Stonecrest Road turn South to 973 Stonecrest Road. From FM1171 Turn North on Hwy 377 to Canyon Falls Road, Turn North on Stonecrest Road to 973 Stonecrest Road.

Interior

Heating Electric

Cooling Electric

Flooring Concrete

Heat Source Electric

Exterior

Utilities Available Aerobic Septic, Cable Available, City Water, Co-op Electric, Concrete, Electricity Available, Electricity Connected, Gravel/Rock

Roof Type Metal

Parking Type Additional Parking, Assigned, Gravel

Garage No

Building

Foundation Slab

Structure Type Metal Siding

Others

Ownership DJB Investment Group LLC

Financing Private

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Daniel Bode • SUMMIT, REALTORS
Bought with Chase Traughber • Axis Realty Group

Silvia & Luiz Mendes

Global Real Estate Advisors | License ID: 0613524

+1(214) 755-3504

GET MORE INFORMATION

973 Stonecrest Road Argyle, TX 76226

Key Details

Location

Interior

Exterior

Building

Others

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973 Stonecrest Road