For Auction

DFW Vacant Retail Building + Apartment with Income

406 N Carrier Pky & 909 Bonham St,
Grand Prairie, TX 75050

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Multifamily
Additional Types
Freestanding Retail
Retail Subtype
2
Floor Count
6,100 SF
Property Size

Investment Highlights

Ground-Floor Retail With Legal 2BR Apartment
A legal two-bedroom apartment sits above the store, supporting owner occupancy or a separate rental.
±16,117 SF Corner Lot on N Carrier Pkwy
Corner position at Bonham St provides ample on-site parking for retail customers and the apartment.
Legal 2BR Apartment Leased at $19,200 a Year
Lease runs through April 2027, providing in-place residential income above the ground-floor retail.
Corner Site Plus 9,607 SF Bonham Street Lot
Combined 25,787 SF of land offers ample parking and room for a new commercial building or home.
14,033 Residents Within a One-Mile Radius
4,586 households within one mile carry a $64,661 average household income, per AlphaMap data.

Offering Summary

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 406 N Carrier Pkwy is a ±6,100 SF mixed-use corner property in Grand Prairie, Texas, combining ground-floor retail with a legal two-bedroom apartment above. The retail space is built out as a liquor store and suits continued liquor retail or another business. The apartment supports an owner-user live-work arrangement or can be leased separately as a second income stream. The offering also includes a second lot at 909 Bonham Street of approximately 9,607 SF, which can accommodate an additional commercial building or a multifamily home, bringing the combined site to ±25,787 SF. The ±16,117 SF corner lot fronting N Carrier Pkwy provides ample on-site parking. The surrounding trade area includes 14,033 residents and 4,586 households within one mile, with average household income of $72,862 within 0.3 miles.

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Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

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Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

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Auction Opens In
40d 20h 15m 57s
$250,000
Starting Bid
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Bidding Closes

Investment Sales Brokers

Derek Schuster
Marcus & Millichap
TX License: 685656
Paul Casella
Marcus & Millichap
TX License: #750071-SA
TS
Tim Speck
Marcus & Millichap
TX License: 9017122-BB

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.