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$375,000

1524 W 7th Ave, Corsicana, TX, 75110

On MarketInfo
CommercialInfo
Beds Beds
Baths Bath
Baths1,034 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1984

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available
FlooringConcrete, Tile

Exterior

Lot Size18,818 sqft

Building Information

Year Built1984
Stories1
Garage Spaces46

Land Information

APN33766
Lot NumberC
SubdivisionCorsicana
Land UseCommercial
Legal DescriptionC0000 CORSICANA BLK 479 LOT C .432 ACRES
Census Tract970302
Assessed Land Value$150,540
Assessed Improvement Value$91,110
Assessment Year2025

About this property

Prime commercial opportunity in the heart of Corsicana! This former Sonic building is ideally situated on busy West 7th Avenue with exceptional visibility and high daily traffic counts, making it the perfect location for your next business venture. Featuring a drive-through and walk-up window, the property is already set up for convenience and customer accessibility. A durable metal roof was replaced in 2016, along with additional improvements to the parking and drive-through areas. Whether you envision a restaurant, coffee shop, retail space, office, or something entirely unique, the possibilities here are endless. Bring your vision to life in this high-exposure location with outstanding potential for growth and success.

Investor Tools

$140,779Estimated Mortgage Balance
$101,437Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Tammy Carter

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$495/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,727
$241,650
2025
$150,540
$91,110
$241,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,727
$241,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community National Bank & Trust Of Texas
Unknown
$157,500
No
First
Nov 3, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,779
$100,871
41%
58%
$945/mo

City: Corsicana

1524 W 7th Ave | Property Details | No Agent List