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Property profile

604 State Highway 31 Trinidad, TX 75163

OFF-MARKET
Commercial real estate
Property ID
US82-6912934
View Sample
1,980 SF 0.71 ac lot Built 2001

Property summary

AI-generated overview

This exceptional commercial property, located at 604 E State Highway 31 in Trinidad, Texas, presents a unique investment opportunity. Boasting 1,980 square feet on a 0.71-acre lot, this property benefits from high visibility due to its double road frontage on the heavily trafficked Highway 31, situated conveniently between Malakoff and Corsicana. Recent improvements include new pipe fencing and a gate, enhancing security and accessibility. The electrical system has been upgraded with a new breaker box, ensuring reliable power. An older survey indicates a total acreage of 0.71 acres. The main building includes a 320-square-foot area suitable for conversion into living quarters or office space. A full bathroom with a shower and toilet is present, along with a kitchenette requiring some renovation. Ample storage is available, featuring a carport shed area at the front and additional space at the rear in varying conditions, ideal for equipment storage. A motor lift is located within one of the bays. Convenient multi-car carport parking is available on the State Highway side, and a secondary gate provides access from a side street. This property's versatile layout and prime location make it an ideal choice for a variety of commercial uses. The asking price is $230,000.

Property profile

Verified
Property type Commercial real estate
Year built 2001
Total area 1,980 SF
Lot 0.71 ac (30,928 SF)
UPID US82-6912934

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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