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Lewisville, TX 75057
  • 5 Beds
  • 3 Baths
$850,000

About this home

Rare mixed-use investment opportunity in the heart of Old Town Lewisville! This three-unit property at 112, 118 and 120 N Hatcher Ave sits on a single lot zoned OTMU-2, offering flexibility for continued residential income or future commercial and mixed-use redevelopment. The property includes a duplex (one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit) plus a standalone 2-bedroom, 1-bath home, all on the same parcel, with three separate addresses generating multiple income streams from day one.

Located just blocks from Old Town Lewisville's shops, restaurants, and rail access, the property sits in one of the metroplex's most walkable, rapidly revitalizing downtown districts. OTMU-2 zoning provides flexibility for continued rental use or future redevelopment. A strong addition to an income portfolio, or an opportunity for a developer to capitalize on the area's continued growth.

Overview

Full Baths
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Half Baths
0
Bathrooms
3
Bedrooms
5
Building Area
2574
Levels
One
Living Area
0
Lot Size (Acres)
0.46
Property Subtype
Triplex
Property Type
Residential Income
Status
Active
Year Built
1940

Interior

Appliances
Gas Cooktop, Gas Oven
Cooling
Central Air, Ceiling Fan(s)
Fireplaces
0
Flooring
Hardwood
Heating
Central
Interior Features
Eat-in Kitchen, Open Floorplan, Natural Woodwork

Exterior & Construction

Construction
Wood Siding
Foundation
Slab
Roof
Tile

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Lewisville
County
Denton
School District
Lewisville ISD
ZIP Code
75057
State
TX
Subdivision
Hatcher-Herod Addition

Financial

Price
850000

Utilities

Sewer
Public Sewer
Utilities
Electricity Connected, Sewer Available, Water Available

Listing Details

Listing Agent
Drew Elliott
Listing Office
Pax Realty
MLS #
21352382
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21352382

Listing agents

Listing AgentDrew ElliottPax Realty

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