105 Austin Ave Richland, TX 76681-4389

Property Details for 105 Austin Ave

Year built

1996

Lot size

0.55 lot acres

Property size

2,400 SF

Property type

Commercial real estate

APN

46562

APU

46562

Description

This exceptional investment opportunity presents a thriving retail business located at 105 N Austin Avenue, Richland, TX, just off IH-45 in southern Navarro County. The main building boasts over 2,000 square feet of retail space currently operating as a successful beer, wine, and liquor store. Attached to the main building is a smaller rental unit generating $300 per month in rental income. Adding to the investment potential, an additional rental unit is included, located at 107 N. Austin Ave. (Parcel 12437), currently leased for $1050 per month. This provides a substantial and consistent stream of passive income. The total property sits on a 0.55-acre lot. The asking price of $425,000 is for the real estate and improvements only. The current owner is willing to sell the existing inventory separately, with an estimated value of $30,000. This turnkey operation offers a rare chance to acquire a profitable business with significant rental income potential in a desirable location. The property's prime location and established clientele base make it an attractive investment for both seasoned entrepreneurs and first-time business owners. This is a unique opportunity to own a well-established business with immediate cash flow. Don't miss out on this exceptional investment opportunity.

Location Insight

City

Richland

County

Navarro

State

Texas

Longitude

-96.4255

Latitude

31.9268

CBSA code

18620

CBSA name

CORSICANA, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments