802 Old Wise Road new Save Request In-Person Tour Request Virtual Tour
Bowie,TX 76230
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 600 sqft
Price per Sqft $2,166
Subdivision Allsups State Hwy 59
MLS Listing ID 21055518
Year Built 2025
Annual Tax Amount $1,107
Lot Size 1.030 Acres
Property Sub-Type Business
Property Description
This is your chance to capitalize on a brand-new multifamily development in the heart of Bowie! Three of these upscale 1-bedroom, 1.5-bath lofts are already leased, with 14 additional units approved and ready to be built. Each 600 sq. ft. loft is designed with an open-concept layout, high-end finishes, stainless steel appliances, and modern styling that appeals to working professionals and lifestyle renters. With projected rents of $1,200 per month per unit, this property has a potential annual gross income of $259,200. All units are built to city code, and all concrete work has already been completed, saving time and capital on development. Located near local shops, dining, and community events, this property offers excellent tenant appeal and long-term appreciation potential. Whether you're seeking cash flow or a strong addition to your portfolio, this turnkey project offers both.
Location
State TX
County Montague
Zoning Residential Commercial.
Interior
Heating Central,Other
Cooling Central Air,Wall Unit(s)
Flooring Ceramic Tile
Exterior
Utilities Available Cable Available,City Sewer,City Water
Roof Type Metal
Building
Foundation Slab
Structure Type Concrete,Frame,Metal Siding,Other
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21055518