Property profile

503 St Josephine, TX 75173

OFF-MARKET
Commercial real estate
1,096 SF 0.33 ac lot Built 1951
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Property summary

AI-generated overview

This exceptional 0.33-acre property at 503 East Street in Josephine, TX, presents a unique investment opportunity. Priced at $259,500, this property boasts a 1,096 square foot older frame home currently owner-occupied. The home features an attached carport and a fenced area, ideal for pets. A detached building offers versatile space, perfect for a workshop, storage, or other uses. The property's location within a rapidly developing area offers significant potential for various commercial ventures. Its proximity to major highways ensures excellent accessibility and visibility. The existing structure provides immediate income potential, while the ample land and detached building allow for expansion or redevelopment to suit a wide range of business needs. This is a rare chance to acquire a multi-use property in a high-growth area, offering both immediate return and long-term growth potential. The property's versatility makes it suitable for a variety of commercial uses, or it could be repurposed to meet the needs of a growing business. Don't miss this chance to secure a prime location in a thriving community. The property is ready for your vision and entrepreneurial spirit.

Property profile

Verified
Property type Commercial real estate
Year built 1951
Total area 1,096 SF
Lot 0.33 ac (14,375 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

503 St Josephine, TX 75173
Josephine metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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