204 Tx-31 Mount Calm, TX 76673

This exceptional investment opportunity in Mount Calm, Texas, presents a unique blend of commercial and residential properties situated on a sizable 3.1-acre lot. The property boasts three buildings totaling 4,142 square feet, offering diverse income streams and redevelopment potential. The main building, constructed in 1980, comprises 2,565 square feet and features a former bank and private investigator's office, complete with multiple office spaces, bathrooms, a large conference area, a vault, and a welcoming lobby with a fireplace. This building is ideal for professional office use. A second building is a mobile home currently rented on a month-to-month basis. The third building offers 1,152 square feet of flexible space, perfect for conversion into a cafe, convenience store, or similar retail use. The property is conveniently located on Highway 31, offering excellent visibility and accessibility. Its strategic location provides easy access to Bellmead (17 minutes) and downtown Waco (28 minutes). Currently vacant, this property presents a chance for immediate ROI through leasing or a long-term vision through redevelopment. The permitted zoning is C, allowing for a variety of commercial uses. The asking price is $279,000, representing a compelling value at approximately $67 per square foot. This multi-tenant property offers a rare opportunity to acquire a versatile and well-positioned investment in a growing Texas market. The property is for sale by owner.