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    505 Washington St Kaufman, TX 75142

    For Sale
    Contact for pricing

    Prime Location, Value-Add Opportunity

    Property size:
    3,654 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 3,654 square foot, two-story commercial building in Kaufman, Texas, presents a compelling value-add investment opportunity. Located on a prominent hard corner lot (0.31 acres) within the Downtown District (APN 24146), this Class C property boasts a versatile history, having previously served as a dental office and retail storefront. Built in 1925, the building currently features multiple private offices, two full kitchens, and two bathrooms. The property is being sold as-is, with a current tenant occupying the second floor who can be vacated by closing. The permitted zoning allows for a variety of uses, making it ideal for an investor seeking to renovate and reposition this unique property. Seller financing is available. This is a rare chance to acquire a substantial commercial property in a thriving downtown area. The property's size and location offer significant potential for future growth and income. The building's existing infrastructure provides a solid foundation for a variety of redevelopment scenarios. This is a truly unique opportunity to acquire a piece of Kaufman's history and shape its future.

    Property Features for 505 Washington St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,654 SF
    Class
    C
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1925
    Stories
    2

    HighLights

    • Investment Opportunity: Commercial Property in Downtown Kaufman
    • 3,654 Square Foot Office/Retail Building
    • High‑Visibility Corner Lot
    • Prime Downtown Kaufman Location
    • Seller Financing Offered
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kaufman
    County
    Kaufman
    State
    Texas
    Longitude
    -96.309060988409
    Latitude
    32.586033377505

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    FAQs

    What type of property is this?
    Individual retail property - Prime Location, Value-Add Opportunity
    Where is this individual retail property located?
    The property is located at 505 Washington St Kaufman, TX.
    What are key features of this property?
    This property features: Investment Opportunity: Commercial Property in Downtown Kaufman; 3,654 Square Foot Office/Retail Building; High-Visibility Corner Lot
    Request Owner's contact information
    505 Washington St Kaufman, TX 75142
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    Kaufman, TX 75142
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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
    505 Washington St Kaufman, TX 75142
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