920 N. McCoy Blvd., New Boston TX

Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 200,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 3,000
Date Available 09/28/2018
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LocationNew Boston is the county seat of Bowie County 22 west of Texarkana on interstate 30 which is the main shipping route to Dallas from Nashville. This property is 2 blocks north of Interstate 30, on Texas Highway 8 and negotiations are still underway by a developer planning a large truck stop directly across the street. It is also the prime area of new development close to Walmart and other shops on the south side of 30. SalePrime location with potential appreciation if the planned truck stop is built across the street. The developer is not planning to include a repair shop. This property has a Truck/Tire Repair Shop tenant. The shop has a hoist and air conditioned office. There is ample parking. A separate rental has a 2 bedroom apartment and an efficiency suite. The apartments are laid out for alternate use as office expansion. Tenants are month to month. Owner is being gracious to tenants; all rents appear to be under market value. Current cap rate of 6.6% has potential of 13% with rent increase.