604 State Highway 31, Trinidad, TX 75163
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.