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$1,429,900

4005 Coyle St, Rowlett, TX, 75088

On MarketInfo
Beds Beds
Baths Bath
Baths3,500 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size27,181 sqft

Building Information

Year Built1950
Stories1
Roof Type312

Land Information

APN65116535030070000
SubdivisionThomas Payne
Land UseIndustrial
Legal DescriptionTHOMAS PAYNE ABST 1165 PG 350 TR 7 ACS 0.624 INT201900164062 DD06242019 CO-DC 1165350300700 2CW11653503
Census Tract018133
Assessed Land Value$135,910
Assessed Improvement Value$210,880
Assessment Year2025

About this property

Pleased to offer for sale 1.089 acres of prime real estate in the heart of Downtown Rowlett. This property is home to a historic cotton gin, built in the 1920’s, encompassing approximately 3,500 square feet. While the condition of the cotton gin is unknown, it presents an excellent opportunity for adaptive reuse or complete redevelopment. Additionally, there is the potential to acquire previously proposed mixed-use redevelopment plans for The Gin on Main, which envisions a vibrant destination offering exceptional dining, retail, and entertainment within a historically significant structure. Situated at the northwest corner of Coyle Street and Martin Drive, this property benefits from a prime location just south of the Downtown Rowlett DART Station and within walking distance to key landmarks such as the Main Street Square, Rowlett Public Library, and Rowlett City Hall. With high daily traffic counts exceeding 36,000 vehicles and a growing daytime population of 309,843 within a 15-minute drive, this site offers a unique opportunity to develop a prominent entertainment destination for both Rowlett and the surrounding communities.

Investor Tools

$97,179Estimated Mortgage Balance
$249,611Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,579 /month
Positive
Cash Flow Estimate:
$2,860 /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
$458/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,764
$346,790
2025
$135,910
$210,880
$346,790
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,764
$346,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Heritage National Bank
Commercial
$100,000
No
First
Oct 28, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$97,179
$249,611
71%
28%
$600/mo

City: Rowlett

4005 Coyle St | Property Details | No Agent List