406 2Nd St Corrigan, TX 75939
- Retirement homes
- 4,359 SF
- 2.59 lot acres
Current Use by Public Records
- Retirement homes
Property Details for 406 2Nd St
- Lot size
- 2.59 lot acres
- Property size
- 4,359 SF
- Property type
- Retirement homes
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corrigan
- County
- Polk
- State
- Texas
- Longitude
- -94.8229436
- Latitude
- 30.9975946