1251 State Highway 205 Rockwall, TX 75032
- Retail properties
- 3,006 SF
- 1.00 lot acres
Current Use by Public Records
- Chisholm Country Store & Cafe / Boutique / Home Goods Store
- Guapo Cigars / Cigar Shop
- Chisholm Custom Homes / Home Builder
Property Details for 1251 State Highway 205
- Year built
- 1890
- Lot size
- 1.00 lot acres
- Property size
- 3,006 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional commercial property, located at 1251 S State Hwy 205 in Rockwall, Texas, presents a unique value-add investment opportunity. The 3,006 square foot building sits on a one-acre lot in the General Business District, boasting over 16,000 daily vehicle counts. Currently operating as a tea room with retail sales, this versatile space offers significant potential for various uses, subject to city approval. Built in 1890 and renovated in 2005, the property features two buildings, each one story, with ten parking spaces. The interior includes bright, open rooms, a kitchen, and two restrooms. The exterior showcases a large porch and mature landscaping. The property's location on a heavily traveled state highway, combined with planned four-lane highway expansion, ensures strong future growth potential. The property is zoned for general business use. Owner financing is available with 50% down. This is a rare chance to acquire a piece of Texas history with significant upside in a prime commercial location. The APN is 0133-0000-0047-00-0R. The lease is Absolute NNN with a single tenant currently at 100% occupancy, but the lease term has expired.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rockwall
- County
- Rockwall
- State
- Texas
- Longitude
- -96.3706
- Latitude
- 32.8378
