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$1,299,900

3005 Division St, Greenville, TX, 75401

On MarketInfo
CommercialInfo
Beds Beds
Baths Bath
Baths47,827 Sq Ft
Year BuiltBuilt in 1900

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size3.87 acres

Building Information

Year Built1900
Stories1

Land Information

APN4385-2800-009R-41
Lot Number9R
SubdivisionOrig Town Of Greenville
Land UseCommercial
Legal DescriptionS4385 ORIG TOWN OF GREENVILLE BLK 280 LOT 9R ACRES 3.87 (REPLAT)
Census Tract960900
Assessed Land Value$210,720
Assessed Improvement Value$20
Assessment Year2025

About this property

A 7.7-acre infill redevelopment opportunity located at 3005 Division St & King St in Greenville, TX. This land-only offering consists of two adjacent parcels: a 3.87-acre tract at 3005 Division St and a 3.83-acre leveled tract on King St. The site features a ±47,826 SF building footprint, with the property being offered for land value. City water, city sewer, and electricity are available on-site. The assemblage is positioned for multifamily or assisted living redevelopment. Current zoning is split: King St is currently zoned Multi-family and 3005 Division St is zoned SF-2; however, the City’s Future Land Use overlay designates the entire 7.7-acre footprint for Multi-family use. Located two blocks from the Wesley St corridor with proximity to downtown Greenville and Joe Ramsey Blvd - Hwy 69. Site features dual access and no known easements. All redevelopment plans are subject to buyer verification and city approval.

Investor Tools

$290,614Estimated Mortgage Balance
$210,740Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,799 /month
Positive
Cash Flow Estimate:
$2,600 /month

Interested in this property?

Kevin Weable

M&D CRE, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$448/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,317
$210,740
2025
$210,720
$20
$210,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,317
$210,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sanee Llc
Unknown
$300,000
No
First
Aug 23, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,614
N/A
0%
138%
$1,799/mo

City: Greenville