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Mixed-Use Property with Shop

303 S Madison St, Madisonville, TX 77864

For Sale
New
$699,000

A second-floor rental apartment sits above office suites, with an additional shop building on site.

Property Size5,601 SF
Lot Size0.82 Acres
Price / SF$124.80
Days on Market4

Property Features for 303 S Madison St

General Information

Standard status Active
Size 5,601 SF
Lot size 0.82 Acres
Property subtype Commercial
Zoning city retail district

Additional Details

Floor Ground Floor
Mixed-Use Components residential, commercial
Office Units 4
Tenant in Place Yes
Property Use Office

Amenities

break area
restrooms
rear entrance

Building Details

Year Built 1935
Buildings 2
Stories 2
Tenancy Multi
Listing Agency: DBL Real Estate
Listed By: Virginia Gainer · License #0587157
Source: Allcentraltxhomesforsale
Added: Nov 3 Changed: Nov 6 Last Checked: Nov 6 at 2:53PM

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 DBL Real Estate

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property occupies 0.82 acres in downtown Madisonville. Its main building combines a 2,000-square-foot second-floor apartment with a 4,000-square-foot ground-floor commercial area. The apartment has 3 bedrooms, 2 bathrooms, a deck, dedicated tenant parking and updated HVAC; it is currently used as a rental. Below, four office spaces are complemented by a break area, restrooms and a rear entrance. An operating salon occupies part of the commercial space. A separate 2,400-square-foot shop has 16-foot walls and can be divided into two units.

The property is in the city retail district at 303 S Madison St. The main building dates to 1935.

Key Highlights

  • 0.82‑acre mixed‑use property in downtown Madisonville
  • Second‑floor apartment: 2,000 square feet, 3 bedrooms and 2 bathrooms
  • 4,000‑square‑foot ground‑floor commercial area with four office spaces

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Furniture & Home Goods Carpet & Flooring Store Catering Service Veterinary Clinic

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

Lease Details

4
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

435
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 63% Dining 22% Home Improvements & Furnishings 16%
Shell Shops & Services
4,304 visits/mo 0.3 miles
Scooter's Coffee Dining
4,213 visits/mo 0.1 miles
O'Reilly Auto Parts Shops & Services
3,845 visits/mo 0.4 miles
Ace Hardware Of Madisonville Home Improvements & Furnishings
3,007 visits/mo 0.4 miles
Valero Energy Shops & Services
2,258 visits/mo 0.1 miles

Demographics for 77864, TX

7,243
Population
3,361
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
79%
High-School Grad
178.8 sq mi
ZIP Area
41
Density / Sq Mi
$63,719
Median Household Income
$33,269
Median Earnings
$765
Median Rent
$131,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A second-floor rental apartment sits above office suites, with an additional shop building on site.
Where is this mixed-use property located?
The property is located at 303 S Madison St Madisonville, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 0.82‑acre mixed‑use property in downtown Madisonville; Second‑floor apartment: 2,000 square feet, 3 bedrooms and 2 bathrooms; 4,000‑square‑foot ground‑floor commercial area with four office spaces
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