121 Henderson St Rusk, TX 75785
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Historic Downtown Restaurant, High ROI Potential
Property size:
2,520 SFProperty Features for 121 Henderson St
General Information
- Property type
- Restaurants
- Square Feet
- 2,520 SF
Building Details
- Stories
- 2
Listing Agency: Expansion Realty Partners Listing Agent: Andy Kutach
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a charming, two-story, 2,520 square foot commercial building located at 121 S Henderson St, Rusk, TX 75785, in the heart of downtown Rusk. Currently zoned for commercial use, the property boasts a strong 7.89% cap rate with a projected NOI of $15,000, and a pro-forma cap rate of 10.53% with a projected NOI of $20,000. The ground floor is currently leased to a pie restaurant under a gross lease agreement expiring January 1, 2025 (approximately 0.1 years remaining). The tenant currently pays $1,550 per month and is likely to renew their lease. The upper level is vacant and presents a significant value-add opportunity. This space could be easily converted into a residential apartment, generating additional rental income and further increasing the property's overall return. The building's historical character adds to its unique appeal and potential for future growth within the thriving downtown Rusk area. This property offers a compelling blend of immediate income and significant upside potential for savvy investors seeking a strong return on investment in a desirable Texas location. The asking price is $190,000, translating to a price per square foot of $75.40.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Rusk
- County
- Cherokee
- State
- Texas
- Longitude
- -95.1490915
- Latitude
- 31.7956156
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FAQs
What type of property is this?
Restaurant - Historic Downtown Restaurant, High ROI Potential
Where is this restaurant located?
The property is located at 121 Henderson St Rusk, TX.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Charming two-story, 2,520 sq ft commercial building in downtown Rusk, TX.; 7.89% cap rate with $15,000 projected NOI; pro-forma 10.53% cap rate with $20,000 projected NOI.; Ground floor leased to a restaurant ($1,550/month, lease expiring January 1, 2025).