201 N May St | Madisonville, TX 77864
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201 N May St
Madisonville, TX 77864
Retail Property For Sale
Investment Highlights
- Heavy Traffic Area
- Open Plan
- Expanding Rural Area
Executive Summary
Prime Commercial 2.51+/- ACRE Lot Available with Hwy 75 Frontage in the Heart of Madisonville Offering 2 Existing Buildings. Previously a car dealership and service center featuring Building #1 with 8470 Square-feet of office, showroom, and service garage space and Building #2 a separate 3-bay workshop area with 3420 Square-feet. The property is situated near a local chain grocery store, local restaurants, retailers, and daily conveniences. This highly visible location receives tremendous exposure to the daily local traffic and commuting vehicles to and from Hwy 75 and Hwy 21 and is within minutes from I-45 access. This expanding community is currently experiencing the widening of Hwy 21, and a proposed project of TX Dot known as the SL 1853 Relief Route, located south of the City of Madisonville. This lot is within one of the fastest-growing rural submarkets in the Houston to Dallas corridor with a central location in the BCS to Palestine region.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
2,727 SF
Building Class
C
Year Built
1973
Price
$1,299,000
Price Per SF
$476
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.51 AC
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 24861 | Improvements Assessment | $470,400 |
| Land Assessment | $410,850 | Total Assessment | $881,250 |
PROPERTY TAXES
Parcel Number
24861
Land Assessment
$410,850
Improvements Assessment
$470,400
Total Assessment
$881,250
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