5543 Us-380Caddo Mills, TX 75135

Property Details for 5543 Us-380

Lot size

3.60 AC

Property type

Mixed-use properties

Property subtype

Land

Description

Exceptional 3.6-acre commercial and residential land parcel situated at the high-traffic intersection of US-380 and FM 2748 in Caddo Mills, Texas (75135). This property boasts significant highway frontage, presenting a compelling investment opportunity with immediate income potential. Currently improved with a single-family home generating approximately $900 monthly rent and an additional RV space yielding $300 per month, providing a steady cash flow stream. The property is zoned for open use, allowing for diverse development options, subject to county approval. The existing structures are sold "as is." Surrounding development features the construction of new, upscale homes, indicating strong future growth potential. This presents a unique chance to hold for future appreciation while enjoying current rental income. Detailed financial records will be provided upon execution of a purchase agreement. Owner financing is available with a 30% down payment, contingent upon a satisfactory credit report. The property consists of one single-story building on a 3.6-acre lot. The current leases are net leases with two tenants, a three-year term commencing April 1, 2022, and expiring March 31, 2025, leaving approximately 0.4 years remaining.

Location Insight

City

Caddo Mills

County

Hunt

State

Texas

Latitude

33.1512

Longitude

-96.2775

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