Prime Corner Lot in
2324 W Main Street, Gun Barrel City, TX 75156
For Sale
Contact for pricing
Pending
Corner lot suitable for business ventures in Gun Barrel City.
Property Size1,200 SF
Lot Size0.37 Acres
Days on Market882
Property Features for 2324 W Main Street
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Buildings
Stories
Listing Agency:
Coldwell Banker American Dream Gun Barrel City
Listed By:
Robert Blaase · License TX #9006194
(903) 887-7055
Source:
Crexi
Added: Jun 15, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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 American Dream Gun Barrel City
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property presents an investment opportunity, situated on a corner lot in Gun Barrel City. The site spans approximately 0.37 acres and includes a 1,200 square foot building. Previously operated as a liquor store, the property is suitable for various business ventures. The listing includes the land and building.
Key Highlights
- Prime corner lot location in the heart of Gun Barrel City.
- Approximately 0.37 acres suitable for business ventures.
- Previously a long‑established liquor store site.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,463
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,260
$329.3K
Cap Rate 7%
$235,186
$235.2K
Cap Rate 9%
$182,922
$182.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$24.0K $20.04/SF
− Vacancy
−$529 −$0.44/SF
EGI
$23.5K $19.60/SF
− OpEx
−$7.1K −$5.88/SF
NOI
$16.5K $13.72/SF
Area
Henderson County, TX
Vacancy
2.20%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,260
Cap Rate 7%
$235,186
Cap Rate 9%
$182,922
Alternative Uses
Best Use
Retail
$235.2K
$205.8K – $274.4K
NOI $16,463 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.1K
$369.4K – $492.5K
NOI $29,549 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75156, TX
15,708
Population
8,969
Households
1.8
Avg Household Size
48
Median Age
17%
College-Educated
86%
High-School Grad
32.1 sq mi
ZIP Area
489
Density / Sq Mi
$59,303
Median Household Income
$35,316
Median Earnings
$932
Median Rent
$209,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Henderson County, TX
Properties on Market for Storefront properties in Henderson County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Corner lot suitable for business ventures in Gun Barrel City.
Where is this storefront property located?
The property is located at 2324 W Main Street Gun Barrel City, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime corner lot location in the heart of Gun Barrel City.; Approximately 0.37 acres suitable for business ventures.; Previously a long‑established liquor store site.
