Renovated Brick Building in University
1136 Main Street, Commerce, TX 75428
For Sale
Contact for pricing
Totally renovated 1920s brick building in a thriving university town.
Property Size2,920 SF
Price / SF$123.29
Days on Market808
Property Features for 1136 Main Street
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
Coldwell Banker Apex Realtors Rockwall
Listed By:
Dee Evans · License TX #0508288
(972) 567-0046
Source:
Crexi
Added: Aug 27, 2024
Changed: Aug 8
Last Checked: Aug 22 at 10:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Apex Realtors Rockwall
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Investment Insights
Based on property information with market context.
This renovated 1920s brick building is located downtown in a thriving university town. The property offers ample parking and high visibility. It is suitable for hosting various private events. The building has been immaculately maintained and beautifully updated, featuring original brick walls and a refurbished ornate tin ceiling. Renovations include recently installed electrical and plumbing systems, two HVAC units with ducting, a 30-year warranty polyurethane foam roof with skylight glass, custom interior and exterior signage, a built-out platform in the storage room, and a 6x8' walk-in cooler. The property also features recently installed floor joists and flooring, an updated kitchen with a separate area for a brewery, and a 12-tap beer and 4-tap wine system. The interest rate will reduce from 7.25% to 6.875% effective October 1, 2025. The property size is 2920 square feet.
Key Highlights
- Assumable interest rate (reducing to 6.875% on Oct 1, 2025).
- Totally renovated 1920's brick building.**
- Downtown location in a thriving university town.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,648
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,960
$333.0K
Cap Rate 7%
$237,829
$237.8K
Cap Rate 9%
$184,978
$185.0K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$26.3K $9.00/SF
− Vacancy
−$2.5K −$0.86/SF
EGI
$23.8K $8.15/SF
− OpEx
−$7.1K −$2.44/SF
NOI
$16.6K $5.70/SF
Area
Hunt County, TX
Vacancy
9.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,960
Cap Rate 7%
$237,829
Cap Rate 9%
$184,978
Alternative Uses
Best Use
Specialty Retail
$718.4K
$628.6K – $838.1K
NOI $50,287 @ 7.0% cap · market cap 13.97%
Second Best
Industrial
$237.8K
$208.1K – $277.5K
NOI $16,648 @ 7.0% cap · market cap 4.62%
Theoretical Best
Multifamily LT 5
$733.5K
$641.8K – $855.7K
NOI $51,344 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 75428, TX
11,192
Population
4,616
Households
2.4
Avg Household Size
28
Median Age
23%
College-Educated
85%
High-School Grad
92.9 sq mi
ZIP Area
120
Density / Sq Mi
$48,372
Median Household Income
$23,299
Median Earnings
$910
Median Rent
$145,600
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Brewery - Totally renovated 1920s brick building in a thriving university town.
Where is this brewery located?
The property is located at 1136 Main Street Commerce, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Assumable interest rate (reducing to 6.875% on Oct 1, 2025).; Totally renovated 1920's brick building.**; Downtown location in a thriving university town.
