1889 Fm 1999Uncertain, TX 75661

Property Details for 1889 Fm 1999

Year built

1984

Lot size

1.00 AC

Property size (Sq ft)

2,257 SF

Property type

Grocery and convenience stores

APN

00114.00030.00020.000000

APU

1140003000020000000

Description

This exceptional commercial property, situated at 1889 FM 1999 in Karnack, Texas, presents a unique investment opportunity. Priced at $375,000, this remodeled convenience store boasts a highly desirable corner lot location, offering excellent visibility and accessibility for customers. The building includes an eat-in area, providing additional space for customers to enjoy their purchases. The property's existing infrastructure includes basic supplies and gas services, establishing a foundation for immediate operation or expansion. The one-acre lot provides ample space for potential future development or expansion of the existing business. The property's prime location in Karnack, Texas, offers access to a local customer base and presents significant potential for growth and profitability. This turnkey operation is ideal for an entrepreneur seeking a well-established business with immediate revenue potential or an investor looking for a strong return on investment in a thriving community. The remodeled interior offers a clean and modern aesthetic, ready for immediate occupancy. The convenience store's existing infrastructure and equipment provide a solid base for continued operation and potential expansion. The property's corner location on FM 1999 ensures high visibility and easy access for customers. This is a rare opportunity to acquire a profitable commercial property in a growing market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $730,666

  6.5%

  $674,460

  7%

  $626,285

• Comparable approach

  Method

  Valuation

  Relative Method

  $831,883

  Geo Method

  $406,837

• Alternative Use

  Use

  Valuation

  Residential

  $568,933

  Hospitality

  $521,139

  Educational

  $433,582

  Medical

  $448,493

  Retail

  $674,460

Location Insight

City

Karnack

County

Harrison

State

Texas

Latitude

32.6049

Longitude

-94.1048

CBSA code

30980

CBSA name

LONGVIEW, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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