102 Floyd St Naples, TX 75568

53,233 SF 2.67 ac lot

Entity Owned Absentee Owner Free & Clear

Property ID

US82-7585295

Contact for pricing 53,233 SF

102 Floyd St, Naples, TX 75568
View Listing →

Google Maps

This exceptional 17,467-square-foot retail property in Naples, Texas, presents a compelling investment opportunity. Originally built in 1980 as a nursing home and later used as an assisted living facility, this versatile building offers significant potential for repurposing. The property features 29 units, a mix of one- and two-bedroom layouts, two common areas, and a commercial kitchen. Ample parking is available in the spacious lot, complemented by a large yard area. The building boasts a brick and siding exterior, with tile and luxury vinyl plank flooring inside. The interior features high ceilings and accessibility features including an accessible approach with a ramp and accessible hallways. The foundation is slab construction, and the heating and cooling system is electric. Situated on a 2.67-acre lot, this property benefits from its central location between Texarkana and Mount Pleasant, making it ideal for businesses seeking expansion. The asking price is significantly below a recent appraisal, representing exceptional value for a discerning investor. The property's size and features offer a multitude of redevelopment possibilities, catering to a wide range of commercial ventures. This is a rare chance to acquire a substantial property in a strategic location with considerable upside potential.