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$295,000 -$105,000 (-26.25%) Price Reduced
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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.
Full Property Details
Full Property Details for 1201 Main St #230
General
- Price: $295,000
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21134249
- Updated: 3/11/2026
- Added to Site: 83 day(s) ago
Business
- Business Type: Other, Restaurant
Interior
- Flooring: Concrete, Ceramic Tile
Parking
- Parking Features: Common
Location
- County: Collin
- Subdivision: Allen Heights Shopping Center
- Driving Directions: Use GPS
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available, Electricity Connected, Sewer Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Frame, Concrete
- Roof: Other
- Stories/Levels: 1
- Square Feet: 5,600
- Sq. Ft. Source: Owner
- Year Built: 1985
Lot Features
- Lot Size (Acres): 0.1286
- Lot Size (Sq. Ft.): 5,600
- Lot Size Source: Owner
- Potential Use: Other
- Zoning: Commercial
Financial Considerations
- Tenant Pays: All Utilities, Cable TV, Electricity, Insurance, Management
Disclosures and Reports
- Inclusions: Business, Furniture, Inventory
Listed by United Real Estate, Ramez Morris
Get Pre-Approved Today
Schools
Schools serving 1201 Main St #230
School District:Allen Independent School District
| Name | Grades | Distance |
|---|---|---|
Gene M Reed Elementary School 1200 Rivercrest Boulevard, Allen, TX 75002 | K-6 | 0.5 mi |
Walter & Lois Curtis Middle School 1530 Rivercrest Boulevard, Allen, TX 75002 | 7-8 | 0.8 mi |
Allen High School 300 Rivercrest Boulevard, Allen, TX 75002 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1201 Main St #230
Date
Details
Price
Change
Source
3/11/2026
Price Reduced
$295,000
-26.25%
MLS
12/23/2025
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1201 Main St #230
Year
Property Taxes
Change
Tax Assessment
Change
2024
$65,848
19%
$4,600,000
5%
2023
$55,443
-1%
$4,387,775
42%
2022
$55,959
—
$3,093,450
10%
2022
$55,959
—
$2,818,715
7%
2021
$55,761
1%
$2,622,694
4%
2020
$55,014
6%
$2,533,735
8%
2019
$51,906
-1%
$2,355,000
4%
2018
$52,553
-5%
$2,275,000
-3%
2017
$55,391
-2%
$2,355,000
—
2016
$56,511
22%
$2,355,000
24%
2015
$46,369
3%
$1,894,972
5%
2014
$44,862
-2%
$1,796,651
—
2013
$45,644
—
$1,796,189
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1201 Main St #230
1201 Main Street #230, Allen, TX 75002 (MLS# 21134249) is a Business property. 1201 Main Street #230 is currently listed for $295,000 and was received on December 23, 2025. Want to learn more about 1201 Main Street #230? Do you have questions about finding other Business real estate for sale in Allen? You can browse all Allen real estate or contact a Coldwell Banker agent to request more information.

