106 College StLindale, TX 75771

Property Details for 106 College St

Year built

1940

Lot size

0.11 AC

Property size (Sq ft)

1,740 SF

Property type

Retail space

APN

1-30000-0010-00-003000

APU

130000001000003000

Description

This 1,740-square-foot retail building, located at 106 S College St in Lindale, Texas, presents a compelling investment opportunity. Built in 1940, this single-story structure sits on a 0.13-acre lot (5,663 square feet) and boasts 8-10 foot ceilings. The property is zoned for Commercial Downtown Mixed Use District, offering diverse usage potential. The interior features a large open area ideal for retail display or workspace, along with two additional rooms suitable for offices or storage, a full bathroom, and a kitchenette. A detached 20x24 workshop with a bay door provides ample space for inventory or equipment. The property's prime location in downtown Lindale, just off Highway 69, is surrounded by thriving retail and restaurants, making it an excellent choice for a variety of businesses. The asking price is $215,000, translating to $137.93 per square foot. The property's APN is 130000001000003000. This versatile space is perfect for retail, office, or storage uses, and its central location in a rapidly growing area ensures strong potential for appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $563,296

  6.5%

  $519,965

  7%

  $482,825

• Comparable approach

  Method

  Valuation

  Relative Method

  $641,328

  Geo Method

  $1,312,765

• Alternative Use

  Use

  Valuation

  Residential

  $438,610

  Hospitality

  $401,764

  Educational

  $334,263

  Medical

  $345,759

  Retail

  $519,965

Location Insight

City

Lindale

County

Smith

State

Texas

Latitude

32.5147

Longitude

-95.4116

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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