Property profile

190 Commerce St Frankston, TX 75763

OFF-MARKET
Commercial real estate
Property ID
US82-6262484
2,000 SF 0.06 ac lot Built 1940
Individually Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,000-square-foot retail property is ideally situated on the corner of Commerce Street and West Main Street in downtown Frankston, Texas. Built in 1940 and extensively renovated in 2019, this single-story, Class B building offers a blend of historic charm and modern amenities. The property sits on a 0.07-acre lot and is zoned for retail commercial use. Currently vacant, this owner-user investment opportunity presents a versatile space suitable for various businesses. Its prime downtown location ensures high visibility and accessibility, benefiting from significant foot traffic. The building's end-cap position maximizes exposure, making it perfect for a retail storefront, restaurant, or office space. Frankston's thriving downtown area, coupled with its proximity to major roadways like US 175 and Highway 155, provides excellent access to a diverse customer base. The property's previous use was a laundromat. The asking price is $150,000, translating to $75 per square foot. This represents a unique chance to establish a business in a vibrant, community-focused town with strong potential for growth. Equipment is available for sale separately. The property features one unit with 2,000 square feet of net rentable space.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 2,000 SF
Lot 0.06 ac (2,749 SF)
APN R37281
UPID US82-6262484

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

190 Commerce St Frankston, TX 75763-3510
Frankston metro Census 950100 PALESTINE, TX MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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