Allen, TX 75002,1201 Main Street #230
Allen, TX 75002,1201 Main Street #230
Allen, TX 75002,1201 Main Street #230
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$400,000
Est. payment /mo
5,600 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 5,600 sqft

Subdivision Allen Heights Shopping Center

MLS Listing ID 21134249

Total Fin. Sqft 5600

Year Built 1985

Lot Size 5,601 Sqft

Acres 0.1286

Property Sub-Type Business

Property Description

Excellent opportunity to acquire a fully operational and well-established hookah lounge business operating since February 2022. The business is located in a 5,600 SF building (built in 2002) with open parking and strong local presence.
The business operates under an NNN lease with monthly rent of $5,000, in place through February 2027, with options to renew. No rent escalations. All lease documents are available.
Monthly operating expenses include approximately $1,500 for hookah tobacco, $3,000 for food, and $300 for insurance. Tenant pays utilities including water, electricity, and internet. Staffed with 4 employees. No deferred maintenance.
The sale includes inventory and equipment valued at approximately $200,000. Business is owned by an LLC and has no HOA, no liens, and no legal issues.
Seller is offering the business for sale to focus on other professional ventures. Trailing 1-4 weeks. P&L, tax bills, and lease documentation available upon request.
Confidential sale. Serious inquiries only.

Location

State TX

County Collin

Zoning Commercial

Direction Use GPS

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Concrete

Heat Source Central

Exterior

Utilities Available City Sewer, Electricity Available, Electricity Connected

Roof Type Other

Garage No

Building

Foundation Slab

Structure Type Brick,Concrete,Frame

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21134249


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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Ramez Morris • United Real Estate

NEARBY SCHOOLS & PROPERTIES

SCHOOLS PROPERTIES
Elementary Schools 20
  • 10

    David and Lynda Olson Elementary School

    Public | PK - 6

  • 10

    Sloan Creek Intermediate School

    Public | 5 - 6

  • 9

    Bolin Elementary School

    Public | PK - 6

  • 9

    Carlena Chandler Elementary School

    Public | PK - 6

  • 9

    Max O Vaughan Elementary School

    Public | PK - 6

  • 9

    George J Anderson Elementary School

    Public | PK - 6

  • 9

    James and Margie Marion Elementary School

    Public | PK - 6

  • 9

    Carrie L Lovejoy Elementary School

    Public | PK - 4

  • 8

    Alvis C Story Elementary School

    Public | PK - 6

  • 7

    McCall Elementary School

    Public | KG - 5

  • 6

    Alton Boyd Elementary School

    Public | PK - 6

  • 6

    D L Rountree Elementary School

    Public | PK - 6

  • 6

    Gene M Reed Elementary School

    Public | PK - 6

  • 0

    Pat Dillard Special Achievement Center

    Public | KG - 12

  • 0

    Childrens House Montessori

    Private | PK - KG

  • 0

    Gem Express Preschool & Kindergarten

    Private | PK - KG

  • 0

    Allen Montessori Academy

    Private | PK - KG

  • 0

    The Goddard School of Allen

    Private | PK - KG

  • 0

    Watters Montessori Academy

    Private | PK - 1

  • 0

    Lovejoy Disciplinary Alternative Education Program

    Public | KG - 12

Middle Schools 2
  • 10

    Walter & Lois Curtis Middle School

    Public | 7 - 8

  • 9

    W E Pete Ford Middle School

    Public | 7 - 9

High Schools 3
  • 9

    Lovejoy High School

    Public | 9 - 12

  • 8

    Lowery Freshman Center

    Public | 9 - 11

  • 7

    Allen High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Stephanie Deeds

Stephanie Deeds

+1(817) 659-0980

Broker | License ID: 0619967

Broker License ID: 0619967

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1201 Main Street #230