212 E Broadway Street new Save Request In-Person Tour Request Virtual Tour
Prosper,TX 75078
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Bryants First Add
MLS Listing ID 21050835
Total Fin. Sqft 2563
Year Built 2017
Annual Tax Amount $11,198
Lot Size 10,802 Sqft
Acres 0.248
Property Sub-Type Office
Property Description
This property is positioned for both the investor and owner user in mind. For the investor perspective, the leases are short term and low with potential to grow the rents hitting a solid cap rate by year 3. Ask for the Projected Performance we created and comps for executive suites in the area .For owner user perspective, the current leases are short term and a new owner can ride out tenants current leases and occupy the whole building within two years. For a blend of both, an owner user can utilize what they need for their own purposes and lease out to other tenants what they do not need to use offsetting there mortgage cost. Inquire about the 10 year investor Pro Forma and the City of Prosper plans to widen Broadway St.
Location
State TX
County Collin
Zoning Downtown Office
Direction Coming north on Preston, turn left on E Broadway St. Turn left into the property 212 E Broadway (between Church St and Coleman St).
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Luxury Vinyl Plank
Heat Source Central,Electric
Exterior
Utilities Available City Sewer,City Water,Electricity Connected
Roof Type Composition
Garage No
Building
Foundation Slab
Structure Type Concrete,Siding
Others
Ownership Contact Agent
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21050835