3.4 Acres of Improved Commercial Land for Sale in Argyle, Texas
973 Stonecrest Rd, Argyle, TX 76226
Rare commercial opportunity in Argyle, Owner Agent relocating! Sell all or Part! A 3.4 acre property with 26,000 square feet of flex space with existing pad sites to add an additional 10,000 square feet or utilize for RV or Boat Storage. Currently 100% leased at 30% or more under current market rates, with cash flow of over $18,000 per month, current cap rate is 6.5%. There have been only 3 vacancies in the past 5 years, none having duration of more than a week or two. The buildings are newer, ranging from 1 to 5 years old and demised into 1,250 to 2,500 sq ft units, aggressively priced at under $120 per sq ft.
This property is located in a growth area near FM407 and 35W in unincorporated Denton County, surrounded by multiple commercial and new housing projects including, Canyon Falls, Pecan Square, Harvest Meadows, Robison Ranch and more even larger additions being added very soon in Northlake and Flower Mound. Come check it out today!
Directions
From 35W go East on FM407 1 mile to Stonecrest Road turn South to 973 Stonecrest Road. From FM1171 Turn North on Hwy 377 to Canyon Falls Road, Turn North on Stonecrest Road to 973 Stonecrest Road.
Property details
- County
- Denton County
- Community
- Frasher Addn
- Elevation
- 686 feet
- MLS Number
- NTREIS 20382621
- Date Listed
Parcels
- R754364
Resources
Detailed attributes
Listing
- Type
- Commercial
Structure
- Materials
- Metal
- Roof
- Metal
- Heating
- Electric
Interior
- Floors
- Concrete
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
July 26, 2023 | Under contract | $3,100,000 | — | NTREIS |
July 16, 2023 | New listing | $3,100,000 | — | NTREIS |