113 Pecan St Coleman, TX 76834-4314

Property Details for 113 Pecan St

Property size

14,880 SF

Property type

Commercial real estate

APN

R15581

APU

R15581

Description

This exceptional 7,200 square foot retail property at 113 E Pecan Street in Coleman, Texas, presents a rare investment opportunity. Situated on a 0.17-acre lot, this historic building boasts three street-level storefronts facing Pecan Street, offering immediate income potential. Currently leased to a diverse mix of tenants including a food service establishment, a gymnastics studio, and a stylist, the property demonstrates strong occupancy. The building's versatility extends beyond the main street frontage. Upstairs, additional rooms are available, easily adaptable into separate rental units to increase revenue streams. A unique feature is an additional storefront accessible from the alley, leading to a large open space and an open loft area. This area, historically used for horse boarding and wagon storage, retains its original freight elevator, adding to the building's character and potential for creative repurposing. The property's rich history combined with its prime location and adaptable spaces makes it an ideal investment for both seasoned and emerging investors seeking a high-return opportunity in a thriving Texas community. The asking price is $139,900. This is a chance to acquire a piece of Coleman's history and shape its future.