206 N Beaton St Corsicana, TX 75110

Property Details for 206 N Beaton St

Year built

1920

Lot size

0.08 lot acres

Property size

7,000 SF

Property type

Commercial real estate

APN

40094

APU

40094

Description

This exceptional 7,000 square foot retail building is situated on a prime 0.08-acre lot in the heart of Corsicana, Texas, on Beaton Street, the city's main thoroughfare. The property boasts a long-term, month-to-month tenant occupying the downstairs space for over 13 years, providing immediate and consistent rental income. The upper level offers significant potential for development, with ample space suitable for the creation of two or three loft apartments, presenting a lucrative opportunity to increase revenue streams. The building's location within Corsicana's vibrant downtown area places it in close proximity to a variety of retail establishments and restaurants, ensuring high foot traffic and visibility. This presents a unique investment opportunity in a thriving Texas community. The seller is also open to considering a trade for approximately 50 or more acres of comparable land in Navarro, Limestone, or Freestone Counties. This is a rare chance to acquire a well-established retail property with significant upside potential in a desirable downtown location. The property's strong existing lease and the potential for additional income streams through loft apartment development make this an attractive investment for both seasoned and new investors. Don't miss this chance to own a piece of Corsicana's thriving downtown scene.