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Listed by Stewart & McGee Real Estate, LLC.
$ 925,000
Est. payment /mo
Active
520 Main St Lindale, TX 75751
0.76 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Lindale
MLS Listing ID 113365
Construction Status Stucco
HOA Y/N No
Year Built 2013
Lot Size 0.758 Acres
Lot Dimensions 33018.48
Property Sub-Type Commercial
Property Description
Property Description 520 N. Main Street, Lindale, Texas presents an attractive opportunity to acquire a 100% occupied, income-producing commercial property in one of East Texas' growing communities. The approximately 5,140-square-foot building built in 2013, is strategically positioned along the US Highway 69/Main Street corridor, providing excellent visibility and convenient access to Lindale's primary commercial areas, Interstate 20, Tyler and the surrounding East Texas market. The property is 100% occupied with long-term NNN leases, providing stable income while passing the tenants' pro-rata share of property taxes, insurance and maintenance through to the tenants. Long term leases, with five years remaining and annual rental escalations. The property benefits from its location on the heavily traveled US 69 corridor. TxDOT-sourced traffic data for US 69 North in the Lindale area reports approximately 21,349 vehicles per day, while the nearby I-20/US 69 intersection carries substantially higher traffic volumes, reinforcing the property's accessibility and exposure within this important commercial corridor. With 100% occupancy, long-term leases, contractual rent escalations, NNN expense reimbursements and a highly visible Main Street location, 520 N. Main offers an investor the opportunity to acquire a stabilized commercial asset with predictable income and limited near-term leasing exposure.
Location
State TX
County Henderson
Zoning commerc
Interior
Heating Electric
Cooling Electric
Flooring Tile, Wood
Exterior
Parking Features On Street, 10-20 Spaces
Fence None
Utilities Available Electricity Connected, Water Connected, Sewer Connected
Roof Type Corrugated Steel
Building
Lot Description City Lot
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
