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9278 N Highway 77 1,236 SF Flex Building Lexington, TX 78947 $285,000 ($230.58/SF)
Investment Highlights
- Shaded walking trails
- Move in ready building
- Close to small town but you feel like you are in the country
Executive Summary
Investment opportunity for small homes, tiny homes, a new larger residential home and a commercial building. This is 2 acres of terrain that has walking trails throughout. The existing building was built as a 3/1 residence. The current owners removed a wall, and opened the whole front half of the home, and they used it as a church. This property, being on Hwy 77 has a lot of potential for a commercial business. This front building is move in ready. This property would be great for family or company retreats or groups who enjoy BBQ hot spot tours, or are coming in for a local sporting event or family reunion. When visitors come to Lexington there is no places to stay the night. The closest hotel/motel is 20 minutes away. No local RV camps accept short-term rentals. Parking is available on the Highway side and in the circle drive to the rear. A quote should be in soon to add a bridge across the dry creek for walking or driving. An Airbnb listing is setup but not active. Daily rental during the week would be $109 per night, $146 for a weekend night. With a little investment (RV amenities), the income will vastly increase. A fishing pond can be added in the creek. A quote is available for a walking or driving bridge to cross the creek and access the trails and open area in the northeast corner.
Property Facts
| Price | $285,000 | Lot Size | 2.05 AC |
| Price Per SF | $230.58 | Rentable Building Area | 1,236 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | REO Sale | Year Built | 1954 |
| Property Type | Flex | Tenancy | Single |
| Building Class | C | ||
| Zoning | No Zoning - Outside City Limits | ||
| Price | $285,000 |
| Price Per SF | $230.58 |
| Sale Type | Investment or Owner User |
| Sale Condition | REO Sale |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 2.05 AC |
| Rentable Building Area | 1,236 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Tenancy | Single |
| Zoning | No Zoning - Outside City Limits |
Amenities
- Fenced Lot
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - Septic Field
- Heating - Electric
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12756 | Improvements Assessment | $241,665 |
| Land Assessment | $131,690 | Total Assessment | $373,355 |
Property Taxes
Parcel Number
12756
Land Assessment
$131,690
Improvements Assessment
$241,665
Total Assessment
$373,355
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9278 N Highway 77
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