Excellent commercial investment opportunity in the heart of Terrell! Located at 501 & 503 W Moore Avenue, this versatile property offers a combination of existing rental income, owner-user potential, and additional opportunities for future growth. The main commercial building features three individual units, with two currently leased and generating income. The third unit is owner-occupied and is expected to be delivered vacant at closing, providing an opportunity for a new business owner or additional rental income. The property also includes a separate warehouse shop building suitable for a variety of potential commercial uses, subject to city approval, along with additional vacant land at the rear of the property. Ideally positioned along W Moore Avenue, immediately next to AutoZone and across from Taco Bell, the property benefits from a well-established commercial setting surrounded by neighboring businesses. Whether you're an investor looking to expand your portfolio or a business owner seeking a location with supplemental rental income, this property offers flexibility and long-term potential. Don't miss this opportunity to own a multi-building commercial property in Terrell!
| Listing Id: | 21404823 |
|---|---|
| List Price: | $980,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Retail |
| Status: | Active |
| Unexempt Taxes: | $13,087 |
| Lot Size Square Feet: | 23,565.9600 |
| Lot Size Acres: | 0.541 |
| Waterfront?: | No |
| City: | Terrell |
| County Or Parish: | Kaufman |
| Subdivision Name: | Western |
| Postal Code: | 75160 |
| Year Built: | 1991 |
| Accessibility Features Yn: | No |
| Average Monthly Lease: | $1,800 |
| Basement Yn: | No |
| Building Area Source: | Assessor |
| Building Area Total: | 5,000.00 |
| Building Use: | Automotive, Retail |
| Business Type: | Commercial, Retail |
| Ceiling Height: | Other |
| Construction Materials: | Brick, Metal Siding |
| Construction Materials Walls: | Brick, Metal |
| Cooling: | Central Air |
| Directions: | See GPS. Right off the US 80 exit toward Terrell and continue; the building will be on the right. |
| Flooring: | Concrete, Tile |
| Foundation Details: | Slab |
| Gross Annual Income: | $61,200 |
| Heating: | Central, Electric |
| Insurance Expense: | $2,500 |
| Leasable Area: | 3,400.00 |
| Lease Expiration Date: | 06/01/2030 |
| Lease Rate Max: | 0.00 |
| Lease Rate Min: | 0.00 |
| Lease Term Description: | 2 leases that end on June 1, 2030 with yearly rate increases. |
| Listing Terms: | Cash, Conventional |
| Lot Size: | .5 to < 1 Acre |
| Lot Size Area: | 0.5410 |
| Lot Size Source: | Assessor |
| Lot Size Units: | Acres |
| Multi Parcel ID: | Yes |
| Multi Zoning?: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $45,000 |
| Number Of Leaseable Spaces: | 3 |
| Number Of Spaces Leased: | 3 |
| Occupancy Rate: | 100 |
| Owner Pays: | None |
| Parking Features: | Additional Parking, Parking Lot |
| Possession: | Closing/Funding, Negotiable |
| Postal Code Plus 4: | 3121 |
| Road Frontage Type: | City Street |
| Roof: | Metal |
| Sqft Gross: | 3,400 |
| Stories Total: | 1 |
| Tenant Pays: | All Utilities |
| Utilities: | City Sewer, City Water |
| Will Subdivide: | Subdivided |
| Year Built Details: | Preowned |
| Zoning Description: | Commercial, Commercial Building, Commercial Land, Retail |
Listing Courtesy of: Pinnacle Realty Advisors
Listing Agent: Tabi Imah
214-430-3341
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North Texas Real Estate Information Systems, Inc. data last updated on October 13, 2026 02:30 AM - CT
Property Last Updated: October 13, 2026 02:30 AM - CT
