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6420 & 6416 Summit Road Granbury, TX $ 475,000
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$ 475,000 Get more info
6420 & 6416 Summit Road
$ 475,000
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Share Save

6420 & 6416 Summit Road

Granbury, TX, 76048
$ 475,000
Baths0.0

Monthly Estimate*

$ 3,157

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Studio

Commercial Property for sale in Granbury, TX

for $475,000. This building was built in 1985 on a lot size of 2.57.

Investment OPPORTUNITY!! Tremendous land value in this highly visible corner acreage with road frontage on both sides. Fantastic location off Mambrino Hwy and Summit Rd, close to the back gate of Pecan Planation. 3 buildings making up 56 storage units and 3 offices. Offices are currently used as storage units as well. Existing units takes up about 1 acre of the total 2.57 acres. Additional storage units, RV storage, or even duplexes could be built on the approximately 1.5 acres that is not yet developed. There is also a billboard on property managed by Arrington that provides income. A little TLC and creativity would make this a great investment. Potential for future commercial development on this highly visible corner. Current gross rental income is approximately $33,000 annually per sellers with 90-95% occupancy. Avg per unit is $44. Plenty of room to increase rent. Unit sizes range from 8X12 to 12X30.

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Commercial Pending

Price

$ 475,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,217

Style

Warehouse

Lot Size

2.57

Year Built

1985

Town/City

Granbury

County/Region

Hood

MLS | Web ID

20546843
Features
General
Heating None
Cooling None
Utilities Asphalt Co-op Water Electricity Available MUD Sewer
Ceiling Height 8 to10 Feet
Possession Closing/Funding
Roof Metal
Year Built 1985
Business Type Storage
Property SubType Warehouse
Subdivision Name Adams
County Hood
Property Type Commercial Sale
Construction Materials Metal Siding
Year Built Details Preowned
Status Pending
Directions From Granbury head south on Hwy 144 turn left onto Mambrino Hwy. Property is just past Tommy's gas station on the left.
City Granbury
Buyer Agent Compensation 3
Street Name Summit
Standard Status Pending
Buyer Agent Compensation Type %
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Exterior
Lot Features Cleared Corner Lot Few Trees Level
Lot Size Source Public Records
Parking Features Driveway On Site Parking Pad
Lot Size 1 to < 3 Acres
Foundation Slab
Building Area Total 14068.00
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Interior
Flooring Concrete
Occupancy Rate 90
Total Stories 1
Total Units 61
Street Suffix Road
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Internal Only
Street Number 1 6420
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* Excluded Features
List By
Austin Jordan

Listing Agent

Keller Williams Brazos West

Broker

Affordability Calculator

$3,258
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,157
Monthly Property Taxes
$101
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
288163 Elementary School
288375 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
2/29/2024 $475,000 Listed Price

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6420 & 6416 Summit Road, Granbury, TX, 76048 is a Commercial Property for sale at $475,000 with a lot size of 2.57. 6420 & 6416 Summit Road is a studio with 0.0 baths and was built in 1985. The property's zip code is 76048 which is in Granbury, TX

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