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$649,500

406 W Fm 120, Pottsboro, TX, 75076

$774,366 ARVInfo
On MarketInfo
CommercialInfo
Beds Beds
Baths Bath
Baths3,500 Sq Ft
price_per_sqft$185.57 / sqft
Year BuiltBuilt in 1978

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Laminate, Tile

Exterior

Lot Size23,087 sqft

Building Information

Year Built1978

Land Information

APNP002 050602201
SubdivisionHill T J A-G0506
Land UseCommercial
Legal DescriptionG-0506 HILL T J A-G0506, ACRES .53, 23086 SQ FT 23086 SQ FT
Census Tract000302
Assessed Land Value$153,989
Assessed Improvement Value$186,011
Assessment Year2025

About this property

FAMILY OWNED FOR 30 YEARS, this 6 Unit Commercial building has been home to multiple business over three decades. Until just recently, the Century 21 office was located here for over 20 years and Seller is now ready to welcome new owners to a beautiful area in Pottsboro on the right side of the Round A Bout that is a very high traffic area. Property sits across the road form the First United Bank, next to Tammie's Lakeside Hair and Tanning and Mom's Cafe also across the road. There are 6 units total, each with its own restroom and ample office space as each unit is different in size. There are currently 3 tenants, with one tenant renting 2 units to double his retail space. There is an ICE Machine company that leases a portion of the parking lot for his Ice Business and another Water Express Dispensing Business offering Revers Osmosis filtered water that does the same. There are pictures of these business but please note that the businesses are privately owned and NOT FOR SALE or offered in this listing. The Water Express Dispensing business IS for sale separately and you must contact the Listing Agent for details since this listing is for the LAND AND IMPROVEMENTS ONLY. Buyer and or Buyer's Agent to verify all information. The Information is deemed reliable but is not guaranteed.

Investor Tools

$0Estimated Mortgage Balance
$312,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$774,366
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,897 /month
Positive
Cash Flow Estimate:
$1,299 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$548/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,018
$312,000
2025
$153,989
$186,011
$340,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,018
$312,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$312,000
100%
0%
$0/mo

City: Pottsboro