May St Madisonville, TX 77864
- Commercial real estate
- 2.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for May St
- Year built
- 1973
- Lot size
- 2.50 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property, located on May Street in Madisonville, TX, presents a unique investment opportunity. The 2.51-acre lot boasts significant highway frontage on Hwy 75, ensuring high visibility and accessibility. The property includes two existing buildings, ideal for a variety of commercial uses. Building #1 offers a substantial 8470 square feet of space, previously configured as office, showroom, and service garage areas. Building #2 is a separate 3420 square-foot structure with a three-bay workshop layout. The property's strategic location near a major grocery store, restaurants, and other retail establishments provides convenient access to daily necessities and a strong customer base. Its proximity to Hwy 75 and Hwy 21, along with its minutes-away access to I-45, guarantees excellent exposure to a high volume of daily traffic. The area is experiencing significant growth, with the ongoing widening of Hwy 21 and a planned TX Dot project, the SL 1853 Relief Route, further enhancing the property's long-term value. Situated in one of the fastest-growing rural submarkets in the Houston to Dallas corridor, this property offers a compelling investment opportunity within the central BCS to Palestine region. The asking price is $1,299,000.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- Madison
- State
- Texas
- Longitude
- -95.9118
- Latitude
- 30.9508