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Retail, Commercial 815 N 3rd St 8,858 SF 100% Leased Retail Building Lufkin, TX 75901 $395,000 ($44.59/SF)
Investment Highlights
- High traffic with excellent visibility!
- Desirable location!
- 6 total units!
Executive Summary
This commercial property is located in a high-traffic area, offering excellent visibility and strong income-producing potential. The property features six total units, providing multiple revenue streams, with two units currently available. Perfect for an owner-user or new tenants. An ideal opportunity for investors seeking steady cash flow with immediate upside in a desirable location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,858 SF
Building Class
C
Year Built
1945
Price
$395,000
Price Per SF
$44.59
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
20 Spaces (2.26 Spaces per 1,000 SF Leased)
Frontage
312’ on East Laurel Avenue
Amenities
- Signage
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $49,320 | |
| Land Assessment | $41,340 | Total Assessment | $90,660 |
Property Taxes
Parcel Numbers
Land Assessment
$41,340
Improvements Assessment
$49,320
Total Assessment
$90,660
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