126 Main StFrankston, TX 75763

  • Commercial real estate
  • 2,120 SF
For Sale
$350,000 View listing

Property Details for 126 Main St

Lot size
0.06 AC
Property size (Sq ft)
2,120 SF
Property type
Commercial real estate
APN
R37263
APU
R37263

Description

This exceptional 1,908 square foot commercial property, located at 126 W Main Street in Frankston, Texas, presents a unique investment opportunity. Situated on a 0.06-acre lot, the building has undergone a complete remodel, boasting all new appliances, gas heating, and central air conditioning. The interior has been entirely updated, including modern bathrooms. The property features an inviting outdoor patio complete with a built-in wall garden, perfect for creating a relaxing atmosphere for patrons. Enjoy ambient surround sound and a built-in projection screen TV, ideal for entertainment. All existing equipment is included in the asking price of $350,000. The city of Frankston recently approved the sale of alcoholic beverages, making this location exceptionally well-suited for a coffee bar, wine bar, bistro, small pub, or winery-style establishment. Further enhancing its appeal, a new sidewalk has been installed by the city, providing additional outdoor seating space. A digital sign is available for separate purchase and can be positioned either on the main highway (off 155) or relocated to the rear of the building. This turnkey operation is ready for immediate occupancy and offers significant potential for a thriving business.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $534,398
    Hospitality
    $489,506
    Educational
    $407,263
    Medical
    $421,270
    Retail
    $633,521

Location Insight

City
Frankston
County
Anderson
State
Texas
Latitude
32.0509
Longitude
-95.5069
CBSA code
37300
CBSA name
PALESTINE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,525
$3,850
$147,020
$150,870
-
$3,850
$147,020
$150,870

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