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Investment Highlights

  • High traffic area in a growing community

Executive Summary

Versatile Commercial Property with Flexible Multi-Tenant or Single-User Layout Exceptional opportunity to own a highly visible commercial property located on a heavily traveled highway, offering outstanding exposure for a variety of business uses. The building is currently configured as two separate suites but can easily function as one larger space, providing flexibility for owner-occupants, investors, or multi-tenant use. The property features two restrooms, hard-surface flooring throughout, and approximately 8–9 on-site parking spaces for customers and staff. Suite A includes stylish barn doors that create private workspaces while maintaining the option for an open, collaborative layout. Climate control is provided by two HVAC systems, including one recently installed split-system unit, helping ensure efficient comfort throughout the building. An ADA-accessible ramp provides convenient entry for clients and visitors. The property also benefits from established landscaping, enhancing curb appeal and creating a welcoming first impression. Whether you're looking for office, retail, medical, professional services, or another commercial use, this adaptable property offers excellent functionality, visibility, and convenience in a prime high-traffic location. Tax rolls indicates 988 sf

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $33,600 $67.20
Other Income - -
Vacancy Loss - -
Effective Gross Income $33,600 $67.20
Taxes $3,758 $7.52
Operating Expenses - -
Total Expenses $3,758 $7.52
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $33,600
Annual Per SF $67.20
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $33,600
Annual Per SF $67.20
Taxes
Annual $3,758
Annual Per SF $7.52
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $3,758
Annual Per SF $7.52
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
500 SF
Building Class
C
Year Built
1990
Price
$425,000
Price Per SF
$850
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
500 SF
Building FAR
0.05
Lot Size
0.23 AC
Zoning
C-1
Parking
8 Spaces (16 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning
  • Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
188277
Land Assessment
$122,048
Improvements Assessment
$62,820
Total Assessment
$184,868
Annual Taxes
$3,758 ($7.52/SF)
Tax Year
2025
  • Listing ID: 41147180

  • Date on Market: 7/2/2026

  • Last Updated:

  • Address: 429 N State Highway 342, Red Oak, TX 75154

Contact the Sale Advisor

429 N State Highway 342

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