Three-Building Mixed-Use
331 E Main Street Lewisville, TX 75057
331 E Main Street, Lewisville, TX, 75057
$995,000
For Sale
$995,000
SINGLE_FAMILY - Lewisville, TX
Property Size3,272 SF
Lot Size0.36 Acres
Price / SF$304.10
Days on Market152
Property Features for 331 E Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- R12351
- 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
- Carpet, Laminate, Concrete
- Building materials
- MetalSiding, WoodSiding
- Roof type
- Composition
Listing Agency
Fathom Realty, LLC
(888) 455-6040
McKinney, TX
Listed by
Sandra Flowers · License #0641045
(469) 231-8088
Added: Feb 16 Checked: Jul 18 at 10:06 am
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.
Investment Insights
Based on property information with market context.
This offering includes two addresses being sold together: 331 and 325 E Main Street, along with a third metal shop with HVAC. Both 331 E Main and 325 E Main are configured with multiple rooms and include kitchens and bathrooms. The overall site presents a practical multi-building setup for buyers seeking to renovate, reposition, or repurpose existing interior layouts while leveraging an additional serviceable structure on the property.
The buildings are located on Main Street at a busy intersection noted for strong visibility. The seller describes the area as benefiting from Lewisville’s growing population and references proximity to the I-35 E and Business 121 corridor. Zoning for the properties is Old Town Mixed Use 2, and buyers are encouraged to verify plans and allowable uses with city guidelines, with zoning documents available through the transaction desk.
From a tenant or owner-user perspective, the combination of multiple interior spaces, existing kitchen and bathroom infrastructure, and an HVAC-equipped shop supports a range of commercial concepts consistent with mixed-use zoning. Buyers looking for redevelopment flexibility or a multi-structure campus effect should find the three-building package useful, with the final operating plan subject to city approvals and confirmed requirements.
The buildings are located on Main Street at a busy intersection noted for strong visibility. The seller describes the area as benefiting from Lewisville’s growing population and references proximity to the I-35 E and Business 121 corridor. Zoning for the properties is Old Town Mixed Use 2, and buyers are encouraged to verify plans and allowable uses with city guidelines, with zoning documents available through the transaction desk.
From a tenant or owner-user perspective, the combination of multiple interior spaces, existing kitchen and bathroom infrastructure, and an HVAC-equipped shop supports a range of commercial concepts consistent with mixed-use zoning. Buyers looking for redevelopment flexibility or a multi-structure campus effect should find the three-building package useful, with the final operating plan subject to city approvals and confirmed requirements.
Key Highlights
- Two addresses sold together: 331 E Main St and 325 E Main St, Lewisville, plus an additional metal HVAC‑equipped shop building
- Three buildings total: 331 E Main (1,090 SF) and 325 E Main (2,182 SF), sold together
- Old Town Mixed Use 2 zoning for 331 and 325 E Main St; suitable for various commercial uses—verify plans with city guidelines
Local 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 | $78.9k | $24.12 |
| − Vacancy | −$3.8k | −$1.16 |
| EGI | $75.1k | $22.96 |
| − OpEx | −$22.5k | −$6.89 |
| NOI | $52.6k | $16.07 |
3,272 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$751.3K
$657.4K – $876.6K
NOI $52,593 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two primary structures plus a metal HVAC-equipped shop offer flexible mixed-use space with prominent Main Street visibility.
Where is this retail space 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 addresses sold together: 331 E Main St and 325 E Main St, Lewisville, plus an additional metal HVAC‑equipped shop building; Three buildings total: 331 E Main (1,090 SF) and 325 E Main (2,182 SF), sold together; Old Town Mixed Use 2 zoning for 331 and 325 E Main St; suitable for various commercial uses—verify plans with city guidelines
