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Days244Days on Market
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$1,500

1502 W Main St, Honey Grove, TX, 75446

On MarketInfo
LeaseInfo
CommercialInfo
Baths3,118 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1940

Highlights

Interior

FlooringCeramic Tile, Concrete, Hardwood

Exterior

Lot Size28,750 sqft

Building Information

Year Built1940

Land Information

APN74832
Land UseCommercial
Legal DescriptionA0348 S ERWIN, ACRES .66
Census Tract950100
Assessed Land Value$34,210
Assessed Improvement Value$128,590
Assessment Year2025

About this property

Prime Commercial Space with Exceptional Visibility & Endless Possibilities! Unlock the potential of your business with this versatile commercial property located directly on a busy highway, ensuring great exposure and a steady flow of traffic every day. Formerly a successful restaurant, this spacious building is suited for any type of retail, service, or professional venture looking to thrive in a high-visibility location. Step inside and you’ll find a bright, open layout with plenty of room to customize for your business needs. The owners have recently enhanced the space with new tile flooring, including a brand-new kitchen floor, adding a fresh and clean look. The layout still offers easy options for a full commercial kitchen, showroom, office space, or multi-use retail concept...the possibilities are endless. Outside, the property features ample parking that easily accommodates both customers and staff, a rare find along such a high-traffic corridor. Whether you’re opening a restaurant, café, boutique, salon, medical office, or specialty store, this location gives your business the visibility and accessibility it deserves. With its combination of location, parking, flexibility, and recent updates, this property is a standout opportunity. Bring your vision, set up shop, and watch your business flourish in one of the most dynamic spots in town! Key Features: Prime location on busy highway with excellent visibility Expansive parking area Flexible floor plan adaptable for retail, office, or restaurant use Newly installed tile flooring, including new kitchen floor High traffic counts and easy access Don’t miss this rare chance to establish your business in a property that checks every box...location, convenience, price, and potential!

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$285/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,601
$162,800
2025
$34,210
$128,590
$162,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,601
$162,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Federal Community Bank
Open End Mortgage / Open End With Future Advance Clause
$36,242
No
First
Apr 12, 2019
Oct 2019

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$31,121
$131,679
80%
19%
$218/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.

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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: Honey Grove

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1502 W Main St | Property Details | No Agent List