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$189,000

120 W 3rd St, Nixon, TX, 78140

On MarketInfo
CommercialInfo
Baths9,212 Sq Ft
price_per_sqft$20.52 / sqft
Year BuiltBuilt in 1980

Highlights

Interior

FlooringConcrete

Exterior

Lot Size21,000 sqft

Building Information

Year Built1980

Land Information

APN15298
Lot Number4-6
Land UseCommercial
Legal DescriptionBLK 6 LOTS 4-6 NIXON BLOCKS
Census Tract000500
Assessed Land Value$19,110
Assessed Improvement Value$440,040
Assessment Year2025

About this property

Excellent opportunity to bring this unique property back to life at a great price! Almost 1/2 acre corner lot with large building that could be a restaurant/bar, retail space or offices! Property is located just off the main street in Nixon. Take a look at the pictures and imagine the possibilites you could use this great space for! There is plenty of room for outside entertainment or parking. Inside Front area is 38'x34' Large back area is 48'x56'. There is a Men and Women's restroom. Set up a showing today to see this place in person! It won't last long at this price!

Investor Tools

$0Estimated Mortgage Balance
$459,150Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,755 /month
Positive
Cash Flow Estimate:
$918 /month

Interested in this property?

Stacie Scholl

CENTURY 21 Integra

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$493/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,614
$459,150
2025
$19,110
$440,040
$459,150
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,614
$459,150

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$459,150
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Nixon

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120 W 3rd St | Property Details | No Agent List