Allen, TX 75002 1201 Main Street # 230
$295,000



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Presented By: United Real Estate
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
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.
Presented By: United Real Estate
Interior Features for 1201 Main Street # 230
Other Interior Features
FlooringCeramic Tile, Concrete
Lock Box TypeNone
SQFT Gross5600
Total Stories1
Total Units1
General for 1201 Main Street # 230
Building UseOther
Business TypeRestaurant, Other
Ceiling HeightOther
CityAllen
Construction MaterialsBrick, Concrete, Frame
CoolingCentral Air
CountyCollin
DirectionsUse GPS
Gross Annual Expenses0.00
HeatingCentral
PossessionClosing/Funding
Property SubtypeBusiness
Property TypeCommercial Sale
RoofOther
Standard StatusActive
StatusActive
Subdivision NameAllen Heights Shopping Center
Tenant PaysAll Utilities, Cable TV, Electricity, Insurance, Management
Unit Number230
UtilitiesCity Sewer, Electricity Available, Electricity Connected
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1985
Year Built DetailsPreowned
Zoning DescriptionCommercial
Exterior for 1201 Main Street # 230
Building Area Total5600.00
Foundation Slab
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.1286
Lot Size Area5600.0000
Lot Size SourceOwner
Lot Size Square Feet5600.0000
Lot Size UnitsSquare Feet
Parking FeaturesCommon
WaterfrontNo
Additional Details
Price History
Suzanne Smith
Broker/Owner

SQFT • 5,600