Remarks

BACK ON THE MARKET. Buyers backed out on the day of closing. Prime Commercial Property with currently rented residential area, rented loft area, office space and retail space. Priced below May 2024 appraisal value.

Discover this exceptional opportunity with this expansive commercial property spanning over 8000 square feet in the heart of downtown Lorena, where growth meets opportunity. This Prime Commercial Property with currently rented residential area, rented loft area, office space and retail space is a rare find.

Key Features:
Size: Over 8000 square feet of adaptable space, perfectly suited for retail, office, or mixed-use development.

Location: Positioned in the heart of downtown Lorena.

Residential/Rental Homes: Included are two well-appointed rental homes, each designed for comfort and style, providing an additional revenue stream that enhances the property's investment potential. One 2/bedroom, 2/bath with 2 car garage, glassed in porch, kitchen, laundry room and fenced in backyard with pool. One 2 bedroom/1 bath loft with kitchen & laundry room.

Income Potential: The two homes generate substantial rental income, offering a steady revenue stream.

Investment Opportunity: Ideal for investors seeking a robust return on investment in a burgeoning real estate market.

Community: Located in a vibrant community known for its growth.

This rare offering presents an unparalleled chance to acquire a substantial commercial property with built-in income from rental homes, poised to support various business ventures while providing a secure investment for the future. Don't miss out! Call today to arrange a showing as this property is PRICED TO SELL.

Details

MLS#: 220252
Price: $1,200,000

Style: Other
Sq Ft: 8481

County: McLennan
Tax Fee: 2047.05

School District: Lorena ISD