204 Tx-31 Mount Calm, TX 76673
- Retail properties
- 4,142 SF
- 3.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 204 Tx-31
- Year built
- 1980
- Lot size
- 3.10 lot acres
- Property size
- 4,142 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Calm
- County
- Hill
- State
- Texas
- Longitude
- -96.8861
- Latitude
- 31.761
