618 Broad StMineola, TX 75773

  • Commercial real estate
  • 1,327 SF
For Sale
$70,000 View listing

Property Details for 618 Broad St

Lot size
0.13 AC
Property size (Sq ft)
1,327 SF
Property type
Commercial real estate
APN
36122
APU
36122

Description

This 1,327 square foot commercial building in Mineola, Texas, presents a fantastic investment opportunity. Located on Highway 80 in the heart of downtown, this property boasts excellent visibility and accessibility. Currently configured as office space, it's adaptable for a variety of uses, including storage or retail, making it a versatile option for entrepreneurs and investors. The building sits on a 0.12-acre lot and features a brand-new composition roof installed within the last five months, significantly reducing immediate maintenance concerns. While some interior and exterior renovations are recommended to realize its full potential, the solid foundation and prime location offer substantial upside. Mineola's growing popularity as a retirement and recreational destination, coupled with its thriving downtown area, ensures strong future prospects. The property includes space designated for HVAC systems, although the existing equipment is non-functional. Prospective buyers should note that water and plumbing infrastructure will require establishment. This is a rare chance to acquire a well-situated commercial property in a rapidly developing Texas town at an attractive price point. Don't miss this chance to secure your piece of Mineola's burgeoning commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $334,503
    Hospitality
    $306,403
    Educational
    $254,924
    Medical
    $263,691
    Retail
    $396,548

Location Insight

City
Mineola
County
Wood
State
Texas
Latitude
32.6649
Longitude
-95.4957

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
$432
$11,640
$72,370
$84,010
-
$11,640
$72,370
$84,010

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