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$248,500

145 E Texas Ave, Waskom, TX, 75692

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths1,558 Sq Ft
Year BuiltBuilt in 1968

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size15,159 sqft

Building Information

Year Built1968
Stories1

Land Information

APN02220.01070.00000.000000
Lot Number30
SubdivisionOl Se
Land UseCommercial
Legal DescriptionACRES: 0.348 LOT: PT 30 SUBD: OL SE OFF
Census Tract020106
Assessed Land Value$7,580
Assessed Improvement Value$164,750
Assessment Year2025

About this property

Prime commercial property for sale in the heart of Waskom, Texas, ideally located just minutes from Interstate 20 in Harrison County. This 1,558 square foot heated and cooled building was formerly the Waskom Post Office and is currently operating as an auto supply store. The structure features a durable metal roof, a functional office area, a customer service counter, and a large open space primarily used for inventory or showroom purposes. The building includes one restroom, a small unloading area, and dual access from both (Hwy 80) East Texas Avenue and Cyclone Street via a gated entry, offering excellent accessibility and traffic flow. The property sits on a well-maintained lot with a newly asphalted parking area redone in 2024, providing clean curb appeal and ample customer parking. The back of the property features a fenced lot for secure storage, a large carport, and additional space for potential expansion or outdoor inventory. Another key benefit is the neighboring Waskom Fire Department, offering added peace of mind and enhanced security. This versatile commercial space is ideal for retail, automotive, service-based businesses, or investors seeking a high-visibility location in a growing area. With over 2,000 local residents and steady traffic along Hwy 80 and I-20, the location offers excellent exposure and long-term business potential. Contact the listing agent today for more details or to schedule a private tour.

Investor Tools

$87,451Estimated Mortgage Balance
$84,879Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,491 /month
Positive
Cash Flow Estimate:
$497 /month

Interested in this property?

Christine Thomas

Texas Real Estate Executives, The Daniels Group - Gilmer

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$263/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,295
$172,330
2025
$7,580
$164,750
$172,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,295
$172,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Verabank Na
Commercial
$111,000
No
First
May 11, 2016
May 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,451
$84,879
49%
51%
$666/mo

City: Waskom

145 E Texas Ave | Property Details | No Agent List