TX > Bowie > Allsups State Hwy 59
Bowie, TX 76230,802 Old Wise Road
Bowie, TX 76230,802 Old Wise Road
Bowie, TX 76230,802 Old Wise Road
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$1,300,000
Est. payment /mo
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600 SqFt
Active

802 Old Wise Road Bowie, TX 76230

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 600 sqft

Subdivision Allsups State Hwy 59

MLS Listing ID 21055518

Total Fin. Sqft 600

Year Built 2025

Annual Tax Amount $1,107

Lot Size 1.030 Acres

Acres 1.03

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.

Direction 81 N, Make left on Old Wise Road. Lofts are on the left.

Interior

Heating Central, Other

Cooling Central Air, Wall Unit(s)

Flooring Ceramic Tile

Heat Source Central, Other

Exterior

Utilities Available Cable Available, City Sewer, City Water

Roof Type Metal

Garage No

Building

Foundation Slab

Structure Type Concrete,Frame,Metal Siding,Other

Others

Ownership Relist Taxes

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21055518

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2025 North Texas Real Estate Information Systems.
Listed by Cameron Butler • Realty Of America, LLC

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802 Old Wise Road

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