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Property profile & analytics
OFF-MARKET
Retirement homes

406 2Nd St Corrigan, TX 75939

4,359 SF 2.59 ac lot
Property ID
US82-1404234
Property summary
AI-generated overview

This exceptional 4,359 square foot property, situated on a 2.59-acre lot in Corrigan, Texas, presents a unique investment opportunity. Currently configured as a multi-use building suitable for hospitality, senior living, or office space, it offers significant versatility. The building features five bedrooms and four bathrooms, along with inviting common areas designed for comfortable communal living. Large windows provide ample natural light, creating a warm and sophisticated atmosphere. The layout is adaptable to various needs, allowing for customization to suit specific uses. Located at 406 E 2nd St, Corrigan, TX 75939, this property boasts a prime location and is priced at $400,000 ($91.76 per square foot). Its potential for appreciation makes it an attractive investment. The property also offers a leasing option at $4,000 per month. This versatile building is ideal for those seeking a tranquil, spacious environment with significant potential for various uses, including a group home or retirement community. The property's size and location offer a strong foundation for a successful venture. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential.

Property profile
Verified
Property type Retirement homes
Total area 4,359 SF
Lot 2.59 ac (112,820 SF)
UPID US82-1404234
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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