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Commercial Land for Sale in Millsap, Texas
398 Meeks Bnd, Millsap, TX 76066
$2,898,000
10 acres
Active
$52k drop
Est $23,716/moSALE WITH TENANT IN PLACE, BUILD TO SUIT OR PURCHASE VACANT LAND. 27,725 Sq. Ft. warehouse building on 10 acres with tenant in place utilizing the building and 3 acres of land currently. 8% Cap Rate with escalation lease in place. Property has 3 phase electricity, multiple loading docks, and office area. Property is in a secluded location within close proximity to the Brazos River with easy access via Interstate 20. 3 YEAR LEASE IN PLACE WITH 4% ESCALATION PER YEAR UNITL NOVEMBER 2027. CURRENT LEASE RATE IS 16,172 PER MONTH.
Location
- Street address
- 398 Meeks Bnd
- County
- Parker County
- Community
- Meeks
- Elevation
- 814 feet
Directions
Exit 394 off Interstate 20. Left over Brandon Bridge Lane. Right on Meeks. Property at Dead End on Right.
Property details
- Acreage
- 10 acres
- MLS #
- NTREIS 20842691
- Posted
Parcels
- R000086173
Legal description
ACRES: 4.020 ABST: 898 SURVEY: MEEK MARY TR:
Resources
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Warehouse
Structure
- Heating
- Central
- Cooling
- Central Air
- Materials
- Metal Siding
- Roof
- Metal
Interior
- Flooring
- Concrete
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 13, 2025 | Price drop | $2,898,000 | $52,000 -1.8% | NTREIS |
| May 21, 2025 | Price drop | $2,950,000 | $550,000 -15.7% | NTREIS |
| Feb 12, 2025 | New listing | $3,500,000 | — | NTREIS |
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