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    118 W Frank St Grand Saline, TX 75140

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    For Sale
    $400,000

    Commercial building with vacant lot in historic downtown Grand Saline.

    Lot size:
    0.29 Acres

    Property Features for 118 W Frank St

    General Information

    Lot size
    0.29 Acres

    Building Details

    Year built
    1920

    Source: Drake Real Estate Agent Matthew Marshall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grand Saline Commercial Building/Land

    Located in the heart of Grand Saline's historic downtown, this commercial property features a building and an adjacent vacant lot. The building, totaling 7,550 square feet, is divided into three leased suites. The property is fully leased and includes a 0.1-acre lot. Currently, the building is occupied by Cristo Mi Refugio (church) and Texas Quality Furniture. The location benefits from high visibility and foot traffic, with a traffic count of 4,449 vehicles per day (TxDOT '23). Brookshires sees 403,000 visits per year according to Placer.ai. The property is suitable for retail, office, or mixed-use development.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Saline
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.709102
    Latitude
    32.673457

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    FAQs

    What type of property is this?
    Retail space - Commercial building with vacant lot in historic downtown Grand Saline.
    Where is this retail space located?
    The property is located at 118 W Frank St Grand Saline, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - High-visibility location in the heart of Grand Salines historic downtown with significant foot traffic (4,449 VPD).; - Fully leased building with three retail suites, providing immediate income.; - Includes an adjacent 0.1-acre vacant lot, offering development potential.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 W Frank St Grand Saline, TX 75140
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