Located In: Stratford, TX

Property Description

Multi-use office building near Main Street in Stratford, TX. Building is divided into 3 individual units. The first is currently leased by the Sherman County Appraisal District and features a large reception area, 2 offices, mail room, conference room, and 2 bathrooms. The middle space is another office suite that includes 3 offices, conference room, bathroom and reception area. The end unit is a one bedroom apartment that was recently vacated and updated with new flooring and paint throughout. Improvements include all new exterior paint, a new roof 2018, and new HVAC units December 2020 and January 2019.

Price: $195,000

Status: Sold

Type: Commercial

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4

Bathrooms

3,978

Square Feet

1964

Year Built

402 N 3rd is located one block off Main Street in Stratford, TX,

Property Video

Property Info and Links

Monthly Bills
3 electric meters – Xcel Energy
1 meter is for Sherman Cad – They pay their own electricity bill
1 meter is for middle offices – Property owner pays bill
Attachment – Middle Offices - Xcel
1 meter is for the apartment – Property owner pays bill
Attachment – Apartment – Xcel (Note- Apartment has been vacant since 5/2020)
2 Gas Meters – West Texas Gas CO
1 Meter for Apartment – Property owner pays bill – Gas Fired furnace
Average Monthly Bill $35 – Based on 17 Months.
1 meter for office and Appraisal District – Property owner pays bill
Office and Appraisal district have 1 hot water heater each. Average Monthly Bill $25
1 Water/Sewage/Trash meter 1 meter for entire property – Property owner pays bill
Monthly bill is $109. – City of Stratford
HVAC Units Appraisal District Area
2 Units – All electric Middle Offices
1 Unit – All Electric Apartment
Gas Fired Furnace
Roof
Replaced 8/2019 – TPO Roof with positive drain flow.
Office Suite 1 Rented - $1300/Month
Office Suite 2 Rented month to month - $300/Month
Apartment when Rented - $850/ Month.
Option to rent another office in middle offices for $300/Month

 

www.402n3rd.com

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1
New Exterior Paint

2
New Roof 2018

3
New HVAC Units 2019 & 2020

4
Anchor Tenant

Property Map

Sold Listing Agent: The Haynes Team

Licensed In States: TX, NM, OK, CO

E-mail: us@trianglerealtyllc.com | Cell Phone: 806-513-5055

Meet The Haynes Team