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Property profile & analytics
OFF-MARKET Estimated value $690,000
Specialty properties

601 45th St Corsicana, TX 75110-3892

4,320 SF 41.12 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US82-6354559
Property summary
AI-generated overview

This exceptional 20,840-square-foot facility, situated on approximately 5 acres in a rapidly developing area of Corsicana, Texas, presents a unique investment opportunity. Ideally located near I-45 and I-35, this state-of-the-art venue is perfect for a wide array of events, boasting advanced audio-visual equipment, a spacious stage, and a fully equipped catering kitchen. The main hall comfortably accommodates up to 800 guests, complemented by two large breakout rooms and three additional sizable meeting rooms. The property also includes a ticket office, building office, and separate men's and women's restrooms at both ends of the building. An oversized porte cochГЁre provides ample space for large buses and valet parking. Nine RV hookup slots are also available. All kitchen appliances, tables, chairs, lockers, and desks are included in the sale. The property enjoys a prime location overlooking IOOF Park, offering easy access to nearby amenities such as a high school, football field, baseball park, Navarro College, Navarro Regional Hospital, and a new fire station. The area is experiencing significant growth, with recent openings like Academy Sports + Outdoors and upcoming openings of Hobby Lobby, TJ Maxx, and Ulta. This exceptional property is poised for continued success and future development.

Property profile
Verified
Property type Specialty properties
Use group COMMERCIAL MISC
Total area 4,320 SF
Lot 41.12 ac (1,791,057 SF)
APN 67003
UPID US82-6354559
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
Current use
Occupant on record · Public records
  • Jose Antonio Navarro Elementary School High School
  • I.O.O.F. Event Center Hotel & Motel Resort
  • I.O.O.F. TRADE DAYS Food Market Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
$675k
Comparable Approach Comparable
$707k
Blend (final) Blend
$690k
Owner & transaction history
LODGE INDEPENDENT ORDER OD GRAND
LODGE INDEPENDENT ORDER OD GRAND
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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