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    OFF-MARKET
    Commercial real estate

    604 State Highway 31, Trinidad, TX 75163

    1,980 SF 0.71 ac lot Built 2001
    Property ID
    US82-6912934
    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
    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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