6421 State Hwy 31st E Murchison, TX 75778-2989
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.