17451 Us Highway 377 London, TX
This exceptional 5,660 square foot commercial property, situated on a 0.43-acre lot at 17451 US Highway 377 in London, Texas, presents a unique investment opportunity. Originally constructed in the early 1900s as a grocery store, this building boasts a rich history and has evolved into a thriving mixed-use space. The ground floor currently features 2,200 square feet of established commercial space, currently operating as a grill, drawing customers from a wide area. The property also includes an upstairs apartment requiring some renovation, offering significant potential for additional income or residential conversion. A previously utilized shop area, formerly an art gallery and resale shop, provides further versatility. The building's brick construction reflects its enduring character and provides a solid foundation for future endeavors. Located in the heart of London, this property benefits from high visibility and strong community ties, making it an ideal investment for entrepreneurs seeking a blend of established business and redevelopment potential. The asking price is $219,900. This is a rare chance to own a piece of Texas history and shape its future.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.