432 Main St Springtown, TX 76082
This unique 1,922 square foot property located at 432 S Main Street, Springtown, TX, presents a rare opportunity for commercial development. Built circa 1904, this solid wood-constructed home sits on a sizable 0.86-acre corner lot boasting high traffic visibility on a busy highway. The property's historical charm is evident throughout, featuring original wood flooring and spacious rooms ideal for a variety of commercial uses. The main living area offers ample space for a reception area, while three bedrooms, a formal dining room, and a living area/office provide versatile options. The kitchen and a unique bathroom with a fireplace and clawfoot tub add to the property's character. Beyond the main house, the property includes a storage building with a storm shelter, an old garage, the remains of a former smokehouse, and a partially collapsed structure that once served as a postal drop-off point (late 1800s-early 1900s). This prime location on FM 51/Main Street makes it perfect for an office or retail business seeking high visibility and historical appeal. The property is priced at $300,000.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.