247 Barron St Rusk, TX 75785
This exceptional 1.55-acre property in Rusk, Texas, presents a unique investment opportunity. Located two blocks from the downtown square, this complex comprises three buildings totaling 32,456 square feet. The main structure, a two-story building with a basement (approximately 10,884 sq ft per floor and 9,588 sq ft basement), offers ample space, currently needing some second-floor repairs. A smaller, 1,645-square-foot building, connected by a covered walkway, previously served as a daycare. The property boasts extensive outdoor amenities, including two playgrounds, a 700-square-foot outdoor bathroom with a patio, a swing set, and benches, all situated within a 6,500-square-foot courtyard. A large parking lot with multiple access points enhances convenience. The main building features a main office, numerous large rooms suitable for classrooms or other uses, and a large kitchen. The basement is currently configured for daycare use. The property is zoned B-2 General Business, offering flexibility for various uses, including a community center, office space, or healthcare facility. Built in 1970, this property offers significant potential for redevelopment and repurposing in a thriving Texas community. The asking price is $525,000.
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Christ the Redeemer Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.