1702 Fannin StVernon, TX 76384

  • Commercial real estate
  • 6,237 SF
For Sale
$87,500 View listing

Property Details for 1702 Fannin St

Year built
1950
Lot size
0.14 AC
Property size (Sq ft)
6,237 SF
Property type
Commercial real estate
APN
2027001
APU
2027001

Description

This exceptional commercial property located at 1702 Fannin Street, Vernon, Texas 76384, presents a unique investment opportunity. Priced at $87,500, this building offers a spacious, open-plan interior adaptable to various commercial uses, including retail, office space, or event venues. The property features multiple commercial-grade bathrooms, a partially equipped kitchen, and a substantial storage area. Its prime corner location ensures high visibility and accessibility, boosting foot traffic and brand exposure. Adding to its appeal, two smaller sections are currently leased to established tenants, providing immediate income potential. The building's flexible layout and convenient amenities make it an ideal choice for businesses seeking to establish a new headquarters, expand their operations, or create a vibrant retail space. This is a rare opportunity to acquire a well-situated commercial property in the heart of Vernon, Texas. The property is situated on a prominent corner lot and offers significant potential for growth and return on investment. The building's size is not specified in the provided information.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $926,827
    Hospitality
    $848,968
    Educational
    $706,332
    Medical
    $730,623
    Retail
    $1,098,738

Location Insight

City
Vernon
County
Wilbarger
State
Texas
Latitude
34.1535
Longitude
-99.2859
CBSA code
46900
CBSA name
VERNON, 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
$868
$8,370
$28,730
$37,100
-
$8,370
$28,730
$37,100

FAQs

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