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    603 Grand Ave Marshall, TX 75670

    For Sale
    $325,000

    Prime Commercial Land, High Rental Income Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial property in Marshall, Texas, presents a lucrative investment opportunity. Located at 603 E Grand Ave, 75670, this land features a three-unit apartment building, currently generating rental income. The upper two floors each house a two-bedroom, one-bathroom apartment, both currently occupied by tenants. These units boast recent renovations, including fresh paint, granite countertops in the kitchen and bathroom, updated appliances, and durable hard surface flooring. Each apartment also includes washer/dryer connections. The kitchen is equipped with a refrigerator, stove, and dishwasher. The ground floor offers versatile space, ideal for various commercial uses. Potential uses include office rentals, a bed and breakfast, or student housing, given the multiple rooms available. The lower level provides ample storage or common area space for tenants. The asking price for this property is $325,000. This is a rare chance to acquire a property with existing income and significant upside potential in a growing Texas market. The property's location in Harrison County offers easy access to local amenities and transportation routes. Don't miss this chance to add a high-yield asset to your portfolio.

    Property Features for 603 Grand Ave

    General Information

    Property type
    Land

    HighLights

    • $325,000 asking price.
    • Land property in Marshall, TX.
    • 0 square feet.
    • Located at 603 E Grand Ave, Marshall, TX 75670.
    • Three renovated apartments (two 2‑bed/1‑bath units currently rented).
    • First floor offers flexible space for office, B&B, or student rentals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Harrison
    State
    Texas
    Longitude
    -94.3616526
    Latitude
    32.5486493

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Rental Income Potential
    Where is this land located?
    The property is located at 603 Grand Ave Marshall, TX.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price.; Land property in Marshall, TX.; 0 square feet.
    Request Owner's contact information
    603 Grand Ave Marshall, TX 75670
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    Marshall, TX 75670
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    603 Grand Ave Marshall, TX 75670
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