Current Use by Public Records
- Lifestyle centers
Property Details for 1005 Main St
- Lot size
- 0.69 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 3,300 sq ft retail shopping center in Nacogdoches, Texas, presents a compelling value-add investment opportunity. Located on a 0.69-acre hard corner lot at the intersection of University Drive and Main Street, this property benefits from high visibility and significant traffic flow. The single-story, multi-tenant building features three units and underwent renovations in 2020, including a new roof and exterior finishes. The B-2 (General Business) zoning allows for a variety of retail uses. Its proximity to Stephen F. Austin State University (1.4 miles) and the historic downtown (0.6 miles) ensures a consistent flow of customers. Ample parking is available, and the property boasts excellent visibility due to its prominent corner location on two major thoroughfares. The fee-simple ownership offers complete control and potential for future appreciation. This property is ideal for investors seeking a well-maintained, income-producing asset in a thriving university town. The gross lease structure simplifies management, and the existing tenancy provides immediate cash flow. The property's location on a signalized intersection further enhances its appeal. With its recent renovations and strategic location, this retail center represents a strong investment opportunity in a growing Texas market. The APN is 18-440-5401-002000. Asking price is $1,050,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nacogdoches
- County
- Nacogdoches
- State
- Texas
- Longitude
- -94.6469
- Latitude
- 31.6004
