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Murchison Retail 6421 State Highway 31 E 10,371 SF Vacant Retail Building Murchison, TX 75778 $600,000 ($57.85/SF)
INVESTMENT HIGHLIGHTS
- Heavy traffic
- Center of Murchison, TX
- State Highway frontage
EXECUTIVE SUMMARY
This commercial retail mini-strip center is located on heavily traveled Texas State Highway 31 in the city of Murchison, between Athens and Tyler. It is ready for an owner/user or for an investor to lease the various highly visible spaces. Total square footage 10,371. Building 1 has 3 units. Largest space 4500 sf. 2 remaining spaces about 2000 sf each. Tenant occupies suite 6421-C. Laundromat is currently closed, but ready for inspection with equipment and machines. Attached to the laundromat building to the east at one time wasa single bay hand car wash with an existing drain. Buyer should verify zoning to resume usage.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,371 SF
Building Class
C
Year Built/Renovated
1972/2002
Price
$600,000
Price Per SF
$57.85
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.47 AC
Zoning
Commercial - Commercial - Retail, Showroom
Parking
13 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
160’ on Texas State Highway 31
AMENITIES
- Freeway Visibility
PROPERTY TAXES
| Parcel Number | 3600-0006-0140-71 | Total Assessment | $156,797 (2025) |
| Land Assessment | $5,086 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $151,711 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
3600-0006-0140-71
Land Assessment
$5,086 (2025)
Improvements Assessment
$151,711 (2025)
Total Assessment
$156,797 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Murchison Retail | 6421 State Highway 31 E
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