Historic Store Building on Commercial
For Sale
$219,900
Pending
1934 Texas 159, La Grange, TX 78945
COMMERCIAL - La Grange, TX
Property Size1,221 SF
Lot Size0.66 Acres
Days on Market38
Property Features for 1934 Texas 159
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
La Grange
Middle school district
La Grange
High school district
La Grange
Directions
Just East of the intersection of Highway 71 and Hwy 159. You will see yellow Lindemann Real Estate signs on the property.
Standard status
Pending
APN
47868
Size
1,221 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Annual Amount
409
Utilities
Water source
Public, Well
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Lindemann Real Estate
(979) 968-5803
Listed By:
Katy Michalke · License #475070
(979) 968-5803
Added: Jun 26
Changed: Jul 30
Last Checked: Aug 2 at 12:06PM
MLS# 154598
Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Historic Ryza Store property on a 0.662-acre commercial lot along the Antique Corridor. The fenced property includes the original nostalgic store building of approximately 1,221 square feet, with a metal roof, plus additional outbuildings for storage.
The location is just east of the intersection of Highway 71 and Highway 159 in La Grange, Fayette County. The property is set up with city electric, sewer, and trash service, county water via Fayette Water Supply, and an additional on-site water well. RV hookups include both 30- and 50-amp electric service.
This offering presents a straightforward option for buyers looking to renovate and restore the existing building and support an active commercial concept or destination use at this high-traffic corridor location.
The location is just east of the intersection of Highway 71 and Highway 159 in La Grange, Fayette County. The property is set up with city electric, sewer, and trash service, county water via Fayette Water Supply, and an additional on-site water well. RV hookups include both 30- and 50-amp electric service.
This offering presents a straightforward option for buyers looking to renovate and restore the existing building and support an active commercial concept or destination use at this high-traffic corridor location.
Key Highlights
- 0.662‑acre fenced commercial lot
- Historic Ryza Store building with approximately 1,221 SF
- Metal roof and on‑site outbuildings for storage
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $20.52 |
| − Vacancy | −$1.4k | −$1.17 |
| EGI | $23.6k | $19.35 |
| − OpEx | −$7.1k | −$5.81 |
| NOI | $16.5k | $13.55 |
1,221 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$236.3K
$206.7K – $275.7K
NOI $16,539 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.69M
$11.98M – $15.97M
NOI $958,245 @ 7.0% cap · market cap 435.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 78945, TX
10,483
Population
5,461
Households
1.9
Avg Household Size
46
Median Age
31%
College-Educated
91%
High-School Grad
248.2 sq mi
ZIP Area
42
Density / Sq Mi
$76,221
Median Household Income
$40,180
Median Earnings
$747
Median Rent
$299,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Historic Ryza Store on a 0.662-acre commercial lot with utilities and RV hookups for a renovation or restoration opportunity.
Where is this commercial land located?
The property is located at 1934 Texas 159 La Grange, TX.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 0.662‑acre fenced commercial lot; Historic Ryza Store building with approximately 1,221 SF; Metal roof and on‑site outbuildings for storage
