506 Houston StMarshall, TX 75670

Property Details for 506 Houston St

Year built

1930

Lot size

0.48 AC

Property size (Sq ft)

4,080 SF

Property type

Showrooms

APN

03020.00730.00000.000000

APU

9223372036854775807

Description

This exceptional commercial property, located at 506 W Houston in Marshall, Texas, presents a unique investment opportunity. Priced at $139,900, this 6,080 square foot property is classified as special purpose land and offers a versatile blend of retail and warehouse space. The building features two offices and a half-bath, providing ample administrative space. A significant portion of the property consists of a climate-controlled warehouse, ideal for various storage or production needs. Additionally, a large, unconditioned warehouse is available, offering further flexibility for storage or other uses. Its convenient location near downtown Marshall ensures excellent visibility and accessibility. The property's size and layout make it suitable for a range of businesses seeking a combination of office and warehouse space. This is a prime opportunity to acquire a well-situated commercial property in a growing Texas market. The property is situated in Harrison County, Texas, with a zip code of 75670. The coordinates are 32.5446976 latitude and -94.3719704 longitude. This property is ready for immediate occupancy and offers significant potential for return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,320,831

  6.5%

  $1,219,228

  7%

  $1,132,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,503,803

  Geo Method

  $3,078,208

• Alternative Use

  Use

  Valuation

  Residential

  $1,028,465

  Hospitality

  $942,068

  Educational

  $783,790

  Medical

  $810,746

  Retail

  $1,219,228

Location Insight

City

Marshall

County

Harrison

State

Texas

Latitude

32.5447

Longitude

-94.3721

CBSA code

30980

CBSA name

LONGVIEW, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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