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Two-Story Vertical Mixed-Use Property
For Sale
$3,750,000
Pending

213 S State Highway 342 Red Oak, Red Oak, TX 75154

Nearly full 24-unit two-story brick mixed-use building with ground-level retail/office and leased second-level apartments.

Property Size58,022 SF
Days on Market39

Property Features for 213 S State Highway 342 Red Oak

General Information

Standard status Pending
Size 58,022 SF
Zoning Mixed

Taxes and HOA fees

Annual Taxes $65,821

Building Details

Building Size 58,022 SF
Year Built 2007
Stories 2
Listing Agency: OPT
Listed By: Kris Watts
Source: Jparhouston
Added: Jul 14 Changed: Aug 20 Last Checked: Aug 21 at 4:02AM

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 OPT

Investment Insights

Based on property information with market context.

This two-story brick vertical mixed-use property provides shop-top housing with a total of 24 units. The building is described as being in excellent condition and nearly full, with little to no deferred maintenance noted. Tenants occupy both levels, with retail/office commercial spaces on Level One and residential apartments on the second level.

Level One includes 9 of 10 retail/office commercial spaces leased, and Level Two includes 9 of 10 residential apartments leased. The property is presented as clean and visually maintained, with ample parking available for occupants and visitors.

The current mix is designed for combined commercial and residential use within the same structure, offering an in-place, largely occupied income profile across both levels.

Key Highlights

  • Nearly full 24‑unit brick two‑story vertical mixed‑use building built in 2007
  • Ground‑level retail/office with 9 of 10 spaces leased
  • Second‑level residential apartments with 9 of 10 units leased

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Dental Office Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

289
Businesses Nearby

Demographics for 75154, TX

45,894
Population
17,170
Households
2.7
Avg Household Size
36
Median Age
31%
College-Educated
88%
High-School Grad
47.8 sq mi
ZIP Area
960
Density / Sq Mi
$96,150
Median Household Income
$48,112
Median Earnings
$1,446
Median Rent
$296,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Nearly full 24-unit two-story brick mixed-use building with ground-level retail/office and leased second-level apartments.
Where is this mixed-use property located?
The property is located at 213 S State Highway 342 Red Oak Red Oak, TX.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Nearly full 24‑unit brick two‑story vertical mixed‑use building built in 2007; Ground‑level retail/office with 9 of 10 spaces leased; Second‑level residential apartments with 9 of 10 units leased
More about this property
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