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405 Rusk St 1,725 SF Retail Building Newton, TX 75966 $85,000 ($49.28/SF)



Executive Summary
This building can be turned into a customized home/loft. It has a downtown location and sits diagonally from the courthouse square. It is walking distance to beautiful Caney Creek Park and other downtown businesses. This unique stone front building has 2 large window displays to maximize natural light. This building was previously used for retail but can be turned into a residential home, loft apartment, home rental space or home & retail all in one. The property boasts a metal roof, vinyl plank flooring, large front room, a smaller room that can be used as a bedroom, large back room with built in work stations, a walk-in closet located in the back room, kitchen or break room area, and one restroom. This unique property has a floating ceiling so you can add or take away walls with ease. Elevate your style and turn this place into the perfect living space. (Seller is a Texas licensed realtor. Agent remarks for license #.) Bring your dreams and aspirations to the heart of East Texas.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
1,725 SF
Building Class
C
Year Built
1950
Price
$85,000
Price Per SF
$49.28
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.05 AC
Opportunity Zone
Yes
Frontage
34’ on Rusk St
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
CommunityBank of Texas
Property Taxes
| Parcel Number | 23086 | Improvements Assessment | $55,029 |
| Land Assessment | $4,950 | Total Assessment | $59,979 |
Property Taxes
Parcel Number
23086
Land Assessment
$4,950
Improvements Assessment
$55,029
Total Assessment
$59,979
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405 Rusk St
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