Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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