2400 Ennis AveEnnis, TX 75119

Property Details for 2400 Ennis Ave

Year built

1999

Lot size

2.46 AC

Property size (Sq ft)

12,200 SF

Property type

Commercial real estate

APN

25.9244.000.001.00.103

APU

25924400000100103

Description

This exceptional 12,200 square foot retail center, situated on a 2.46-acre lot in Ennis, Texas, presents a compelling investment opportunity. Built in 1999 and renovated in 2012, the property boasts a single, 100% occupied tenant under an absolute NNN lease with one year remaining. The asking price is $1,650,000, representing a 7.00% cap rate and a price per square foot of $135.25. Currently configured for a single tenant, the building's design allows for subdivision into a multi-tenant strip center, catering to diverse business needs, including medical, professional, or banking uses. Its prominent location on Highway 287 ensures high visibility and traffic, enhanced by a large lighted marquee sign. The property benefits from its proximity to a thriving strip center and popular local restaurant. This well-maintained structure features a new roof and excellent insulation. With a twenty-year history under single ownership, this property offers significant potential for growth in a rapidly expanding area just 32 miles from Dallas. The property is zoned for commercial retail use. A lease for the entire building is available.

• Alternative Use

  Use

  Valuation

  Residential

  $2,381,663

  Hospitality

  $2,181,590

  Educational

  $1,815,058

  Medical

  $1,877,480

  Retail

  $2,823,423

Location Insight

City

Ennis

County

Ellis

State

Texas

Latitude

32.3214

Longitude

-96.6532

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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