Downtown Corsicana Commercial Auto
308 S Beaton Street Corsicana, TX 75110
308 S Beaton Street, Corsicana, TX, 75110
$599,000
For Sale
$599,000
Versatile commercial building with auto shop and office space.
Property Size6,872 SF
Price / SF$87.17
Days on Market91
Property Features for 308 S Beaton Street
General Information
- Standard status
- Active
- Size
- 6,872 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
Premier Realty
(903) 205-1717
Listed by
Courtney Nelson · License #0641859
(903) 205-1555
Source
Signaturere
Added: Apr 22 Updated: Jul 10 at 1:18 pm Checked: Jul 20 at 4:46 am
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 Premier Realty
Investment Insights
Based on property information with market context.
Located just off Beaton Street in downtown Corsicana, this 6,872 square foot commercial building is currently operating as an auto shop. It features a versatile layout and is equipped with six bay doors. The property includes approximately 2,600 square feet of workshop space with a restroom. Approximately half of the total shop area is spray foam insulated. Two vehicle lifts will convey with the sale. There is 2,072 square feet of climate-controlled space featuring four private offices, a bathroom, and a kitchen area. Upstairs, approximately 2,000 square feet of non-climate-controlled space offers multiple rooms currently utilized for storage. The building is equipped with a 2 to 3 year old TPO membrane roof. The property benefits from a prime downtown location with convenient access to major thoroughfares and established commercial activity. This property presents an opportunity for automotive, service-based, warehouse, or mixed-use commercial operations.
Key Highlights
- Prime downtown Corsicana location with convenient access to major thoroughfares.
- 6,872 square foot commercial building with versatile layout suitable for various operations.
- Six bay doors for efficient service operations.
Local Financial Insights For Industrial
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 | $69.3k | $10.08 |
| − Vacancy | −$6.3k | −$0.92 |
| EGI | $63.0k | $9.16 |
| − OpEx | −$18.9k | −$2.75 |
| NOI | $44.1k | $6.41 |
6,872 SF · lease $10.08/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.90M
NOI $114,064 @ 7.0% cap · market cap 19.04%
Second Best
Industrial
$629.7K
$551.0K – $734.6K
NOI $44,076 @ 7.0% cap · market cap 7.36%
Theoretical Best
Multifamily LT 5
$75.50M
$66.06M – $88.08M
NOI $5,284,727 @ 7.0% cap · market cap 882.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wallen's Autos
Car Dealership
Big Country Motors
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Brutons Sardis Tire — 1219 S 7th St, Corsicana, TX 75110
- R.B. Tire Company — 1201 S 7th St, Corsicana, TX 75110
- Valvoline Express Care — 1216 W 7th Ave, Corsicana, TX 75110
- Bring Money trades — 313 E 14th Ave, Corsicana, TX 75110
- Longhorn Truck and Tire mobile Repair 24 Hour Towing Service — 1400 W 7th Ave, Corsicana, TX 75110
FAQs
What type of property is this?
Auto shop - Versatile commercial building with auto shop and office space.
Where is this auto shop located?
The property is located at 308 S Beaton Street Corsicana, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime downtown Corsicana location with convenient access to major thoroughfares.; 6,872 square foot commercial building with versatile layout suitable for various operations.; Six bay doors for efficient service operations.
