513 3Rd StLexington, TX 78947

  • Other commercial real estate
  • 696 SF
For Sale
$120,000 View listing

Property Details for 513 3Rd St

Lot size
0.09 AC
Property size (Sq ft)
696 SF
Property type
Other commercial real estate
APN
20374
APU
20374

Description

This exceptional investment opportunity presents a 696-square-foot free-standing office building situated in the heart of Lexington, Texas. The property boasts a convenient downtown location, offering excellent visibility and accessibility. The building's open floor plan provides maximum flexibility for a variety of uses, making it ideal for a small business, professional office, or even a creative workspace. The 0.09-acre lot provides ample space for parking or future expansion. The asking price of $120,000 represents a compelling value for a property of this type in a desirable location. This is a rare chance to acquire a well-positioned commercial property in a thriving Texas town. The building's straightforward design and open layout minimize upfront renovation costs, allowing for immediate occupancy and potential for rapid return on investment. Its central location within Lexington offers easy access to local amenities, businesses, and transportation routes. This property is perfect for owner-occupants seeking a cost-effective space or investors looking for a strong addition to their portfolio. Don't miss this chance to own a piece of downtown Lexington. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $215,682
    Hospitality
    $197,564
    Educational
    $164,371
    Medical
    $170,024
    Retail
    $255,688
513 3Rd St, Lexington, Texas

Location Insight

City
Lexington
County
Lee
State
Texas
Latitude
30.4141
Longitude
-97.0094

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
-
$12,850
$25,870
$38,720
-
$12,850
$25,870
$38,720

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