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Property profile & analytics
OFF-MARKET
Commercial real estate

118 South St Mathis, TX 78368

7,635 SF Built 1982
Property ID
Property summary
AI-generated overview

This 7,635 square foot commercial property located at 118 N South St, Mathis, TX, presents a unique investment opportunity. Currently in a distressed state, this property offers significant potential for redevelopment. The building's configuration suggests a previous use as a mixed-use property, potentially housing five residential apartment units along E Rockport St and three commercial units along N South St. The property requires substantial renovation and is being sold "as is." Buyers are strongly encouraged to independently verify all information, including zoning regulations and any applicable restrictions, with the City or County of Mathis. It's important to note that an adjacent microbrewery is located behind the building. The seller is open to considering offers for the sale of a portion of the property, making this an adaptable investment opportunity for various development plans. This property is priced at $75,000 and sits on a lot with no acreage listed. Serious inquiries only. The property's condition necessitates a thorough due diligence process before any purchase commitment. This is an ideal project for an investor with a vision for revitalizing a property and maximizing its potential within the Mathis, Texas market. The unique layout and location offer a chance to create a thriving commercial space.

Property profile
Verified
Property type Commercial real estate
Year built 1982
Total area 7,635 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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