407 Main St Taylor, TX 76574
- Retail space
- 1,450 SF
- 0.12 lot acres
Current Use by Public Records
- Friends of the Bride / Bridal Shop
- 74 Man Store / Men'S Clothing Store
- Texas Capital Real Estate, LLC / Commercial Real Estate Agency / Foreclosure Service
Property Details for 407 Main St
- Year built
- 1945
- Lot size
- 0.12 lot acres
- Property size
- 1,450 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a 1,450-square-foot retail property located at 407 S Main St, Taylor, TX 76574. Currently occupied by a credit-rated Starbucks under a triple-net (NNN) lease, this single-tenant property boasts a 100% occupancy rate. The lease commenced on October 17, 2023, and expires on November 30, 2023, offering a unique redevelopment opportunity. The property features a Class C building constructed in 1945 and renovated in 2020, situated on a 0.12-acre lot zoned B3. With a net operating income (NOI) of $54,000 and an asking price of $750,000, this translates to a compelling 7.20% cap rate and a price per square foot of $517.24. The property's prime downtown Taylor location presents significant potential for future development, particularly given the availability of two adjacent properties for sale (allowing for the creation of a larger shopping center). This is a single-story building with one unit. The property is offered for sale by owner. This is a rare chance to acquire a high-performing asset in a thriving Texas market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Taylor
- County
- Williamson
- State
- Texas
- Longitude
- -97.4087125
- Latitude
- 30.5642336
