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505 N State Highway 342
Red Oak, TX 75154
Land For Sale · 0.52 AC

INVESTMENT HIGHLIGHTS

  • 15,000 vehicles drive by this property every day
  • supremely located in Red Oak with frontage on TX-342, just south of Ovilla Road, and a 1 minute drive east from I-35E
  • located in the rapidly developing and sought after 75154 zip code

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Restaurant
  • Storefront
Total Lot Size 0.52 AC
No. Stories 1
Zoning C-1 - Retail, Not Storage

DESCRIPTION

505 N State Highway 342, Red Oak, TX 75154 Parcel ID: 183443 Acres: 0.52 Utilities: Electricity Amenities: Fenced and gated with 40 ft long automated gate, as described below 24/7 security cameras Exterior lighting Has 40 ft long automated gated with keypad for both entry and exit that uses Linear 2000 software that can be controlled remotely from your smartphone using the TeamViewer remote desktop app Has 4 operating security cameras programmed to record anytime it sees motion. Has an office where desktop computer, wiring for automated gate, and security camera hardware that includes 2TB DVR hard drive are stored. Has 3 buildings on the lot measuring about 6,350 square feet total Total storage units = 42. Reminder: All 3 addresses are not zoned to operate a storage business. With that said, the city said the best approach would be to convert these to mixed-use where you have lofts on top and offices / maybe some storage on bottom. The buyer is welcome to remove walls of adjacent units to make spaces large enough to accommodate their intended use.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
183443
Land Assessment
$263,235
Improvements Assessment
$136,765
Total Assessment
$400,000
  • Listing ID: 21350004

  • Date on Market: 10/28/2020

  • Last Updated:

  • Address: 505 N State Highway 342, Red Oak, TX 75154

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