115 Houston StEdgewood, TX 75117

Property Details for 115 Houston St

Year built

1970

Lot size

0.07 AC

Property size (Sq ft)

2,050 SF

Property type

Commercial real estate

APN

024.3000.0015.0001.0100

APU

243000001500010100

Description

This exceptional commercial property, located at 115 N Houston Street in Edgewood, Texas, presents a unique investment opportunity. Situated on a 0.07-acre lot at the corner of Houston and East Elm Streets, this 2,050 square foot building enjoys high visibility and accessibility. Its prime location is directly across from Heritage Park, ensuring consistent foot traffic and excellent brand exposure. The building itself offers a flexible layout, comprising approximately 80x25 feet of rear workspace and a 50x25 foot area suitable for a storefront or reception area. A significant advantage is the inclusion of a separate 10x20 foot storage building and a conveniently located dumpster in the rear. Security features are already in place, including a chain-link fence, burglar bars, and a functioning security camera system, providing peace of mind for any business owner. The building's exterior is further enhanced by an attractive mural facing Heritage Park, adding to its aesthetic appeal. The versatility of this space allows for a wide range of commercial uses, making it an ideal investment for entrepreneurs seeking a well-secured, highly visible location in a thriving community. The asking price is $95,000.

• CAP approach

  CAP return

  Valuation

  6%

  $511,660

  6.5%

  $472,301

  7%

  $438,566

• Comparable approach

  Method

  Valuation

  Relative Method

  $299,836

  Geo Method

  $613,750

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $940,134

  Retail / Commercial

  $480,083

  Mixed-Use / Specialty

  $476,786

  Hospitality / Lodging

  $347,738

  Office

  $472,301

  Institutional / Educational

  $495,098

  Residential Income

  $579,265

  Multifamily

  $703,532

  Automotive / Energy

  $424,370

  Parking / Income-Based Land

  $148,012

  Restaurant / Food Service

  $244,595

  Healthcare / Senior Housing

  $490,561

Location Insight

City

Edgewood

County

Van Zandt

State

Texas

Latitude

32.699

Longitude

-95.8854

Property Tax & Assessments

FAQs

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