8989 Fm423, Little Elm, Texas 75036

$2,750,000
List Price
$2,750,000
MLS#
14698983
Status
ACTIVE
Type
Commercial
Year Built
2010
Construction Status
Preowned
Total Acres
0.01
County
Denton
City
Little Elm
Subdivision
Na

Property Description

RARE BILLBOARD Permit EASEMENT. Property is 1 OF ONLY 2 permitted through Little Elm, fronting FM 423, a major connecting 6 lane road from Dallas to US Hwy 380. Daily traffic count approx 60,000 cars. City of FRISCO does NOT allow billboards, Little Elm is not granting any new easements. Currently leased to Clear Channel with a 2021, 10-yr contract. The contract is a % of gross revenue lease for the advertisements, with option to extend for addt’l 10 yrs.Traffic count has doubled in the last 2 yrs. FM 423 is only connector road south from I-35E in Denton. Selling addt’l or separately to the Billboard, is a commercial building. Purchase one or both at auction.Do not miss this RARE opportunity!

Additional Information

Features
Other
Tenant Pays
All Utilities
Lot Size
435
Subdivided
No
Flooring
Other
Foundation
Other
Roof
Other
Stories
1
Walls
Metal
Ceiling Height Type
Other
Street Utilities
City Sewer, City Water
Heating Cooling
No Air, No Heat
Parking Garage
None
Number of units
1
Leasable Sq Ft
30
Building Use
Other
Inclusions
Land Only
Possession
Closing/Funding

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of North Vine Realty.