Main Street Retail
331 E Main Street, Lewisville, TX 75057
SINGLE_FAMILY - Lewisville, TX
Type:Retail
Property size:
3,272 SFLot size:
0.36 AcresPrice / SF:
$304/SF- Added:
- Feb 16, 2026
- Days on Market:
- 106
- Last Refresh:
- Jun 2 at 11:06 pm
Property Features for 331 E Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- R12351
- Size
- 3,272 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Description
- KEALY ADDN BLK 11 LOT 9,10(E10')
- Tax Annual Amount
- 5124
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete, Carpet, Laminate
- Building materials
- MetalSiding, WoodSiding
- Roof type
- Composition
Listing agent Sandra Flowers License #0641045 (469) 231-8088
Listing office Fathom Realty, LLC McKinney, TX (888) 455-6040
Listing date Feb 16, 2026
MLS# 21180275
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two lots and three buildings (including HVAC‑equipped shop) sold together on Main Street.
- Prime commercial location with high visibility at a busy intersection.
- Zoned Old Town Mixed Use 2, suitable for various commercial uses (verify with city).
- Includes buildings at both 331 and 325 E Main St, offering multiple rooms, kitchens, and bathrooms.
- Close proximity to I‑35 E and Business 121 corridor.
- Located near key Main Street events in Lewisville, benefiting from the city's growing population.
Overview
This commercial property on Main Street includes two lots and a third building equipped with HVAC. Located near key Main Street event locations, the property consists of 331 and 325 E Main Street, both featuring multiple rooms, kitchens, and bathrooms. The zoning is Old Town Mixed Use 2, which is suitable for various commercial uses; plans should be verified with city guidelines. Situated at a busy intersection, the site benefits from high visibility and Lewisville’s growing population. The existing classic home can be renovated or tailored to specific needs. The three buildings are being sold together: 331 E Main (1,090 square feet), 325 E Main (2,182 square feet), plus a metal shop with HVAC. The property is close to I-35 E and the Business 121 corridor. The total lot size is 0.362 acres.
Local Financial Insights For Mixed Use
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 | $98.2k | $30.00 |
| − Vacancy | −$11.8k | −$3.60 |
| EGI | $86.4k | $26.40 |
| − OpEx | −$32.4k | −$9.90 |
| NOI | $54.0k | $16.50 |
3,272 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$771.3K
$674.9K – $899.8K
NOI $53,988 @ 7.0% cap · market cap 5.43%
Second Best
Retail
$751.3K
$657.4K – $876.6K
NOI $52,593 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.09M
$954.5K – $1.27M
NOI $76,361 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Location Insight
- Map
- Local Demand
- City
- Lewisville
- County
- Denton
- State
- Texas
- Longitude
- -96.990924
- Latitude
- 33.046613
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - Prime commercial property with multiple buildings in Lewisville, Texas.
Where is this retail property located?
The property is located at 331 E Main Street Lewisville, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two lots and three buildings (including HVAC‑equipped shop) sold together on Main Street.; **Prime commercial location with high visibility at a busy intersection.**; Zoned Old Town Mixed Use 2, suitable for various commercial uses (verify with city).
