304 E Commerce St Mexia, TX 76667

Property Details for 304 E Commerce St

Year built

1954

Lot size

0.20 lot acres

Property size

5,625 SF

Property type

Commercial real estate

APN

R18632

APU

R18632

Description

This exceptional 5,625 square foot commercial building, situated on a 0.2-acre lot at 304 E Commerce Street in the heart of Mexia, Texas, presents a unique investment opportunity. Originally constructed in 1954 and revitalized beginning in 2017, the building boasts a high occupancy rate. The ground floor comprises eleven individual office spaces, each fully equipped with walls, sheetrock, doors, electrical, ceilings, and carpeting. These spaces are nearly 100% occupied, generating consistent rental income. Convenient ground floor amenities include multi-stall restrooms for men and women, and a shared kitchenette for tenant use. A separate entrance leads to a versatile event center, carpeted and capable of accommodating over ten large round tables, ideal for business meetings, parties, or small gatherings of up to 100 people. Upstairs, the building offers significant potential. The framing for six or more loft apartments is already in place, with electrical and plumbing rough-ins completed, presenting a straightforward path to developing additional rental units. Parking is readily available along Commerce Street directly in front of the building, with additional parking options available elsewhere in downtown Mexia. This property offers a blend of established income and significant upside potential, making it an attractive investment in a thriving downtown area. The asking price is $275,000.