105 Austin Ave, Richland, TX 76681-4389
- Commercial real estate
- 2,400 SF
- 0.55 lot acres
Current Use by Public Records
- Chapman Cut Rate Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
Property Details for 105 Austin Ave
- Year built
- 1996
- Lot size
- 0.55 lot acres
- 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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Navarro
- State
- Texas
- Longitude
- -96.4255
- Latitude
- 31.9268
- CBSA code
- 18620
- CBSA name
- CORSICANA, TX MICROPOLITAN STATISTICAL AREA
