1. Texas
  2. Decatur
  3. 2820 US Highway 380
$2,300,000

2820 US Highway 380, Decatur, TX 76234

  • 19,126 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2002
  • Property Lot Size Icon2.74acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $120/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

380 Eagle’s Nest is a turnkey investment opportunity located just off Hwy 380 in unincorporated Wise County. This income-producing property features a tiny home community and storage facility on approximately 3.74 acres, generating $290,640 in gross annual revenue and $211,140 in net income, delivering a 9.18% cap rate. The property includes 16 custom-built tiny homes, each approximately 392 square feet, with full kitchens including a refrigerator, cooktop, oven, and microwave. Homes are not furnished. Water, electric, and trash service are included for tiny homes. A coin-operated laundry facility with Speed Queen commercial equipment is also on-site, adding convenience and additional income. The property offers 50 storage units and 5 parking spaces, with rental rates ranging from $50 to $900 month. Operated on city water and septic, and located in the county, the site requires no city approvals for improvements or expansion. With low annual expenses of $79,500 and strong demand driven by the Decatur and DFW markets, this is a rare opportunity for stable returns and long-term growth. Aerial imagery is for illustration only. Property boundaries and acreage (approx. 3.74 acres) subject to survey. Sales price is not contingent on exact land size. Property to be sold by metes and bounds description.

Listing Status:
Active
Listing Office:
The Michael Group Real Estate : 817-577-9000
Listing Agent:
Charles Horton :
MLS ID:
20949344
  • Flooring: ConcreteWood
  • A/C: Electric
  • Heating: Electric

This listing courtesy of Charles Horton, The Michael Group Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rann Elementary School

1300 Deer Park Rd, Decatur, TX, 76234

Grades PK-5

1.02 miles away

M

McCarroll Middle School

1201 W Thompson St, Decatur, TX, 76234

Grades 6-8

1.44 miles away

D

Decatur High School

750 E Eagle Smt, Decatur, TX, 76234

Grades 9-12

2.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.