201 1st St Idalou, TX 79329
This exceptional commercial investment opportunity encompasses a total of 1,985 square feet of retail and/or office space, strategically located at 201 North 1st Street in Idalou, Texas, 79329. The property, priced at $350,000, includes three adjacent properties (201, 203, and 205 West 1st Street), totaling 0.98 acres of land. The building's versatile layout is suitable for various retail or office uses, offering significant flexibility for potential tenants. Its hard-corner location on the Idalou Highway ensures high visibility and accessibility, attracting substantial foot traffic. A large parking lot provides ample space for customers and employees. The property is currently vacant, presenting a unique chance to customize the space to meet specific business needs. This is a rare opportunity to acquire a substantial commercial property in a thriving Texas town, offering excellent potential for return on investment. The modified lease type allows for flexibility in tenant agreements. The property is classified as a convenience store and storefront.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
32 · Idalou, TXIdalou. Always verify with local authorities before improvements.
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.