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$275,000

NAL Estimated Property Value

0000 I-30 Service Road Highway, Mount Vernon, TX, 75457

Off MarketInfo

About this property

TXDOT reports that on average 6000 cars pass by this location on I-30 per day, so this is a highly trafficked location on two main arteries. Locals, interstate travelers and the many people who come regularly to Lake Cypress Springs make this a prime spot. It's also handy that the service road is two-way. The right signage for eastbound travelers would make your business easily accessible.Westbound travelers could exit at the Love's exit and simply drive west on the service road or use the Sonic exit, turn north on Hwy 37and then enter just north of Sonic. There is also a large billboard (2 sided for northbound and southbound travelers on Hwy 37) on the property that will convey to the buyer with the sale. Seller has customers already paying monthly rent for ad space. All utilities readily available -- SWEPCO for electricity, the City of MV for water and sewage, Center Point (for gas) and Suddenlink has a fiber optic internet line near by (an SRO team to confirm accessibility).

Investor Tools

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$275,000
Estimated Property Value
$0Estimated Mortgage Balance
$275,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Mount Vernon

0000 I-30 Service Road Highway | Property Details | No Agent List