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    OFF-MARKET
    Retail properties & Spaces

    418 2Nd St, Lufkin, TX 75901

    6,394 SF 1.01 ac lot Built 1957
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6,394 square foot office building is ideally situated in downtown Lufkin, Texas, at 418 N 2nd St, 75901. Built in 1957, this traditional office space boasts a convenient location, steps from the Convention Center. The property sits on a one-acre corner lot and offers ample parking for 20+ vehicles. The building features 15+ individual offices, a boardroom, waiting room, break room, and a secure vault. High-efficiency HVAC (five units), CAT 6 wiring, and a phone system are already in place. The building's construction is frame, with a slab foundation and a metal roof. Utilities are provided by public water meters. The property is handicap accessible and has a gas forced-air heating system and central electric air conditioning. The permitted zoning is C - Commercial. Aerial photos and the legal description are available. This property presents a fantastic opportunity for a business seeking established office space in a thriving downtown location. The level topography and convenient city street access add to its appeal. There are five total bathrooms. No known easements or restrictions exist.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1957
    Total area 6,394 SF
    Lot 1.01 ac (43,996 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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