218-220 North St, Kilgore, TX 75662
This exceptional Kilgore, Texas investment opportunity presents a unique portfolio of three buildings totaling 10,250 square feet, situated on a prime downtown location at 218-220 E North Street, zip code 75662. The property includes a two-story building encompassing 5,400 square feet, completely gutted and ready for immediate redevelopment. Its open floor plan offers endless possibilities, with preliminary plans available for conversion into two loft apartments upstairs and retail space downstairs. Adding to this versatile offering is a 2,750-square-foot shop building, ideally suited for a variety of uses, and a 2,100-square-foot former motorcycle shop. The sale also includes an adjacent parking lot situated on the west side, providing ample space for customers or residents. This property is being sold "as-is," with title work already completed to facilitate a swift closing. The asking price is $100,000, and cash-only transactions are preferred. Property taxes reflect the assessment for all three buildings and associated land. This rare find in downtown Kilgore presents a remarkable chance to capitalize on the potential of this multifaceted property. The location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial and residential ventures.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.