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$1,100,000

28323 I20, Wills Point, TX, 75169

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Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Ceramic Tile, Vinyl, Wood

About this property

Amazing and rare opportunity for an ongoing restaurant, gas station, retail store, residence with pool, and offered with approximately 33 acres or optionally with approximately 10 acres (see other listing #20792428), or 2.5 acres (see other MLS listing #20794401). With the full 33 acres there could be expansion for an RV park, tiny home park, or other commercial uses. Additional access available via private road on south property line. Residence is over 3000 sq ft with 4 bedrooms, 3 baths, swimming pool, garage, and carports. Restaurant and store is fully equipped and operational with a large standby generator for back up power, walk in cooler, commercial kitchen, seating with tables and chairs for more than 70. Fuel pumps for both diesel and gasoline. Large signage visible from high traffic Interstate 20 and just off major exit ramps at FM 47. Located in Wills Point just a few miles west of Canton and the World Famous First Monday Trade Days. Owner will be available to assist with transition.

Investor Tools

$0Estimated Mortgage Balance
$1,100,000Estimated 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
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month

Interested in this property?

Bob Reese

RE/MAX Landmark Rose

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Financing Details

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

City: Wills Point

28323 I20 | Property Details | No Agent List