Last 24 Hours
$639,900
1315 West Panola, Carthage, TX, 75633
On Market
Commercial
— Beds
— Bath
5,652 Sq Ft
Built in 1984Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size1.01 acres
Building Information
Year Built1984
Land Information
APN20565
Land UseCommercial
Legal DescriptionBLK 96-F PT BLK 96-R PT,WESTWOOD
Census Tract950402
Assessed Land Value$221,020
Assessed Improvement Value$289,410
Assessment Year2025
About this property
1315 West Panola, a prime opportunity for restauranteurs or entrepreneurs to establish their dream business. This 5652 Square foot commercial space is perfect for various concepts from restaurants to retail. Some key features are the prime location, high traffic area with excellent visibility. The spacious interior offers a versatile layout allows for customization to fit your vision. Great parking for patrons and staff enhances convenience. Schedule a viewing today to explore how this property can support your business success.
Investor Tools
$61,579Estimated Mortgage Balance
$448,851Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,839 /month
Positive
Cash Flow Estimate:
$1,280 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$936/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,685
$510,430
2025
$221,020
$289,410
$510,430
No
Tax History
Year
Tax Paid
Assessed Value
2022
$8,685
$510,430
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank And Trust Co
Commercial
$87,544
No
First
Apr 10, 2013
Apr 2018
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$61,579
$448,851
87%
12%
$525/mo
12.4%