Address
7305 Elm Drive, The Colony, TX
Price
$ 450,000
Property Attributes
  • MLS#20551491
  • TypeCommercial
  • CountyDENTON
  • CityThe Colony
  • NeighborhoodGarza Lake Estates
  • Zip75056
  • StyleBusiness
  • Year Built1978
  • Taxes$ 2011
  • Price$ 450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8,999 SqFt
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Residential home site that City of The Colony has rezoned to commercial use. Check with City on correct usage and what would be required to occupy property as a commercial business. Building has 3 bedrooms and 1 bathroom, large kitchen and living room. Currenty Leased as Residential home and consider a non- compliant property with the city.. I believe you can leave it residential use, but check with city. Selling for commercial use, Building may have to be moved, or remodeled for commercial usage. all utilities are already on the property. Just recently removed from the Main St thoroughfare project, so could open usages available. The 10 x 20 storage building can stay or we can move it.

Price History
3/4/2024 Listed $450,000

General Features

Heating Central,Electric
Cooling Central Air,Electric
Utilities All Weather Road,Asphalt,Cable Available,City Sewer,City Water,Co-op Electric,Community Mailbox
Ceiling Height Less than 8 Ft
Possession 60-90 Days
Roof Composition
Year Built 1978
Tenant Pays All Utilities
Business Type Other
Unexempt Taxes 2011
Building Use Other
Will Subdivide No
Gross Annual Expenses 0.00
Property SubType Business
Subdivision Name Garza Lake Estates
Zoning Description Commercial
Occupant Type Tenant
County Denton
Property Type Commercial Sale
Construction Materials Frame,Siding,Vinyl Siding,Other
Year Built Details Preowned
Status Active
Directions 1 block east of 423 off of Lake highlands road. use GPS
City The Colony
Buyer Agent Compensation 3
Street Name Elm
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20551491
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Flooring Carpet,Laminate,Tile
Total Stories 1
Total Units 1
SQFT Gross 912
Lock Box Type None
Street Suffix Drive

Exterior Features

Lot Features Interior Lot,Lrg. Backyard Grass
Lot Size Source Estimated
Parking Features Other
Lot Size Less Than .5 Acre (not Zero)
Foundation Pillar/Post/Pier,Other
Lot Size Area 9000.0000
Lot Size Dimensions 75 x 120
Lot Size Units Square Feet
Building Area Total 912.00
Road Frontage Type City Street
Lot Size Square Feet 9000.0000
Lot Size Acres 0.2066

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 75056

Price
AVG $440K
$450K
Taxes
AVG $6,175
$2,011
Visits
AVG 55
28
Data Provided by Inside Real Estate®
Year Built
AVG 2003
1978