114 W Collin St Leonard, TX 75452
For Sale
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This exceptional 3,358 square foot retail property, located at 114 W Collin Street in the heart of historic Leonard, Texas, presents a unique investment opportunity. Situated on a 0.08-acre lot on the north side of the town's red brick square, this circa 1910-1912 building boasts undeniable character and charm. The building features a striking setback entrance, accentuated by mirrored columns flanking the entryway and showcasing built-in showroom windows, ideal for attracting customers. Recent improvements include the replacement of the wood flooring and roof repairs at the rear of the structure, ensuring both aesthetic appeal and structural integrity. The interior layout offers a spacious, open floor plan with high ceilings in the front section, creating a bright and welcoming atmosphere. A staircase leads to a substantial upstairs storage area, providing ample space for inventory or additional uses. The property includes a large refrigerator, previously utilized for floral preservation, reflecting its long history as a successful floral and gift shop. Prior to that, the building served as a furniture store, demonstrating its versatility and adaptability to various retail businesses. This property is ready for a new chapter, offering a blend of historical significance and modern functionality in a thriving downtown location. The asking price is $225,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.