1097 Eddie Dowling Highway – Land for sale

Property Description

Great business opportunity directly on Route 146, includes 4 lots on ~5.25 acres with 3 structures totaling 16,162 sqft. The 4 tax lots, at 0, 1095, 1097, and 1117 Eddie Dowling Hwy, are together priced at $3,999,900. Owner user. Cap rate listed is proforma with all aspects of property leased, including open land. Currently, 2485sq’ of the total is used as single family, residential space with 5brs and 2 baths. The remaining 13,734sq’ of commercial space is used as truck customization, automotive repair, automotive parts retail and office space.
This property has extraordinary visibility, located directly on Route 146. Approximately 580 linear feet of frontage in BH zone (Business Highway). Traffic count shows 50,000+ vehicles driving by this property daily. Positioned next to the widely known Rustic Drive-in Theatre and Anchor Nissan & Subaru, also a stone’s throw away from all the national tenants present at Eddie Dowling Village, this property could accommodate a very wide range of uses that will benefit from name-brand neighbors. Lowes, Texas Roadhouse, Walmart, Buffalo Wild Wings, Kohl’s Verizon and ALDI to name a few.
The wide majority of the property here has young or recently improved infrastructure. Too much to list here but some standouts are new retaining walls, gravel ground cover, new rooves, new epoxy floors, new garage doors, new heating and AC infra, new oil tank, renovated kitchen & bath etc. The business, furniture, fixtures and equipment belonging to the owner/user of this property, RTE. 146 Auto Sales, are not made part of this offering or asking price but could be conveyed as well for the right price.

Area Description

Business Highway zoning encompasses many uses. Please see attached Table of Use Regulations

Pete Dufresne
(401) 480-8990
Pete@SpectrumREC.com