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Property profile & analytics
OFF-MARKET
Commercial real estate

6421 State Hwy 31st E Murchison, TX 75778-2989

10,371 SF 0.47 ac lot Built 1972
Individually Owned Absentee Owner Free & Clear
Property ID
US82-7049422
Property summary
AI-generated overview

This exceptional 10,371 square foot retail mini-strip center presents a lucrative investment or owner-user opportunity. Strategically situated on heavily trafficked State Highway 31 in Murchison, Texas, this property enjoys high visibility between the cities of Athens and Tyler. The center comprises three units within Building 1. The largest unit boasts 4,500 square feet, while the two remaining units offer approximately 2,000 square feet each. Currently, one suite (6421-C) is occupied by a tenant. A former laundromat, complete with existing equipment and machines, is also available. The property sits on a 0.47-acre lot. Interestingly, a single-bay hand car wash was once attached to the laundromat building, and an existing drain is still in place. Prospective buyers are advised to verify zoning regulations to determine the feasibility of resuming car wash operations. This property offers significant potential for a variety of retail uses and is priced at $600,000. The high traffic count on Highway 31 ensures excellent exposure for any business operating within this center. This is a rare opportunity to acquire a well-located retail property in a growing area.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1972
Total area 10,371 SF
Lot 0.47 ac (20,343 SF)
APN 3600-0006-0140-71
UPID US82-7049422
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
CHANDRA NAGARKOTI
CHANDRA NAGARKOTI
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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