1321 John Redditt DrLufkin, TX 75904

For Sale
$800,000 View listing
  • Commercial real estate
  • 1,976 SF

Property Details for 1321 John Redditt Dr

Year built
1993
Lot size
0.34 AC
Property size (Sq ft)
1,976 SF
Property type
Commercial real estate
APN
6310-351-002-005-00
APU
631035100200500

Description

This exceptional 1,715 square foot mixed-use office building, located at 1321 S John Redditt Dr, Lufkin, TX 75904, presents a rare investment opportunity. The property sits on a 0.34-acre lot and is currently generating a stable income stream. The building is categorized as Executive, Medical, and Traditional Office space, offering versatility and potential for diverse uses. Priced at $800,000, this translates to a price per square foot of $466.47. A hearing aid office currently occupies the entire building, providing a consistent monthly rental income of $2,750. The opportunity exists to purchase both the building and the established business currently operating within. This high-traffic location in Angelina County, Texas, ensures strong visibility and potential for future growth. Detailed financial information regarding the existing business is available upon request. This property offers a unique blend of immediate income generation and long-term investment potential. Serious inquiries are encouraged to explore this lucrative opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $621,752
    Hospitality
    $569,522
    Educational
    $473,836
    Medical
    $490,132
    Retail
    $737,078
1321 John Redditt Dr, Lufkin, Texas

Location Insight

City
Lufkin
County
Angelina
State
Texas
Latitude
31.3164
Longitude
-94.7509
CBSA code
31260
CBSA name
LUFKIN, 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
2023
$5,114
$59,200
$185,440
$244,640
-
$59,200
$185,440
$244,640

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