520 Jackson StJacksonville, TX 75766

Property Details for 520 Jackson St

Year built

1970

Construction

CONCRETE

Lot size

0.86 AC

Property size (Sq ft)

38,641 SF

Property type

Commercial real estate

APN

221729000

APU

221729000

Description

This exceptional investment opportunity presents a 36-unit motel situated on a 0.92-acre lot in the heart of Jacksonville, Texas. The property boasts a total of approximately 40,075 square feet, encompassing the main motel building and an additional structure. The motel itself underwent a complete remodel in 2017 and currently features 36 rooms/units. Furthermore, several rooms have been converted into living space, offering the potential to increase the number of rentable units. Convenient amenities include a large laundry room and multiple storage rooms. An additional building, previously a donut shop, comprises 2,952 square feet and presents significant redevelopment potential. This building requires renovation but offers a blank canvas for a variety of commercial uses, including restaurants, retail spaces, or daycare centers. The city of Jacksonville is actively supportive of demolition costs, making this a particularly attractive proposition for developers seeking a clean slate to build their ideal commercial property. This prime location in the heart of Jacksonville ensures high visibility and accessibility, making it an ideal investment for discerning buyers seeking strong returns. The asking price is $1,350,000.

• Alternative Use

  Use

  Valuation

  Residential

  $9,740,420

  Hospitality

  $8,922,172

  Educational

  $7,423,142

  Medical

  $7,678,436

  Retail

  $11,547,110

Location Insight

City

Jacksonville

County

Cherokee

State

Texas

Latitude

31.97

Longitude

-95.2728

CBSA code

27380

CBSA name

JACKSONVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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