23223 County Road 431 Lindale, TX 75771
This exceptional retail property, located at 23223 County Rd 431, Lindale, TX 75771, presents a unique investment opportunity. The property boasts a substantial 20,459 square feet of retail space, spread across three units within a two-story building. Situated on a generous 17.5-acre lot, this property offers ample space for expansion or additional development. The property features dual highway frontage, providing excellent visibility and accessibility. The property's Assessed Property Number (APN) is 100000017300003000. The asking price is $1,800,000. The property is located in Smith County, Texas, and offers convenient access to both Dallas/Fort Worth and Tyler. The property's versatile design could accommodate a variety of business ventures, from retail operations to event venues. The existing structures include a main building with three bedrooms and 3.5 bathrooms, along with two large (100x80 feet each) workshops. An additional 453 square foot apartment or office with a bathroom is also included. A concrete driveway connects the workshops to the main building. The property is surrounded by trees, offering privacy and a tranquil setting. The main building features attractive woodwork and architectural details, combining modern and classic finishes. The gourmet kitchen is equipped with stainless steel appliances and granite countertops. The primary suite includes a spa-inspired bathroom and a large walk-in closet. Each bedroom has its own ensuite bathroom. The property also includes approximately 167 tons of available air conditioning.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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