1002 Chestnut St Bastrop, TX 78602
- Commercial real estate
- 2,645 SF
- 0.23 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1002 Chestnut St
- Year built
- 1905
- Lot size
- 0.23 lot acres
- Property size
- 2,645 SF
- Property type
- Commercial real estate
- APN
- 34865
Description
This historic 2-story, 2,645 sq ft mixed-use building in downtown Bastrop, Texas, presents a compelling investment opportunity. Currently 50% occupied with two tenants under a net lease agreement commencing July 31, 2024, and expiring July 30, 2027, generating $3,700 in monthly gross rent. The property boasts 12 parking spaces and sits on a 0.232-acre lot, zoned P5: Core, allowing for diverse commercial applications. Built in 1905, this Class B property offers significant upside potential with four additional leasable spaces, projecting a potential increase in gross monthly rent to $6,000. The asking price is $640,000. The property's prime location in rapidly growing Bastrop provides high visibility and easy access to major highways. Further due diligence is recommended by prospective buyers to verify all details, including square footage, zoning, and income potential. APN: 34865.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bastrop
- County
- Bastrop
- State
- Texas
- Longitude
- -97.31604782
- Latitude
- 30.11056658
