500 S Chestnut St | Lufkin, TX 75901
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- LoopNet Team
500 S Chestnut St
Lufkin, TX 75901
Chestnut Village Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Very Attractive CAP RATE for Today’s Lending Environment.
- $156,000 CapEx | 2023 Roof (s) Replacement | 20-Year Warranty.
- 26.6% Discount Related Retail.
- Significant Value Add Potential.
- 19.5% Medical and/or Health Care Related Tenants.
- Includes # 2 Ranked Dollar General Store for Avg Monthly Visits Out of 10 in Lufkin (AlphaMaps).
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
102,169 SF
Building Class
B
Year Built/Renovated
1964/2025
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
11.98 AC
Zoning
C - Commercial
Frontage
252’ on South Chestnut Street
PROPERTY TAXES
| Parcel Number | 20714 | Improvements Assessment | $4,178,730 |
| Land Assessment | $675,050 | Total Assessment | $4,853,780 |
PROPERTY TAXES
Parcel Number
20714
Land Assessment
$675,050
Improvements Assessment
$4,178,730
Total Assessment
$4,853,780
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