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A+
NoAgentList RatingHow are grades calculated?Info
Days140Days on Market
Views1view
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$395,000

$425,000

1869 S St. Highway 87 South, Center, TX, 75935

On MarketInfo
Price DropInfo
Beds2 Beds
Baths1 Bath
Baths3,011 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.19 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Microwave, Refrigerator, Gas Water Heater

Exterior

Lot Size8.31 acres

Building Information

Year Built1975
Garage Spaces1

Land Information

APNR23629
SubdivisionMcfaddin Jonathan
Land UseResidential
Legal Description0465 MCFADDIN JONATHAN SUR BLK 0 TR 16 8.31 ACRES FRMLY CENTER EQUIPMENT CO.,
Census Tract950300
Assessed Land Value$70,640
Assessed Improvement Value$179,450
Assessment Year2025

About this property

Unlimited potential with this 8.31 acre unrestricted commercial or residential opportunity located on a busy 4-lane highway in the heart of the Deep East Texas Pineywoods , just minutes from downtown and 15 minutes from Toledo Bend Reservoir and 45 minutes from Sam Rayburn Lake, two of the greatest fishing areas around! This property has exceptional visibility, high daily traffic counts, and four separate entrances to the property, which would perfectly benefit a large trucking/equipment yard or a wide variety of commercial ventures. This property features a stylist 2 bedroom 1 bath bardo inspired home that could easy serve as an office, living quarters, rental property or a weekend retreat. Additional improvements include two separate septic systems, a 43x100 concrete slab already in place, a house pad up front, a large gravel parking pad offering even more flexibility for future development or expansion. This property is indeed ONE OF A KIND. Whether you are looking to launch, expand, or invest in a high exposure location, this property offers the accessibility, space and versatility to make YOUR vision a REALITY! Contact the listing agent or your favorite agent for a scheduled showing.

Investor Tools

$0Estimated Mortgage Balance
$421,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,526 /month
Positive
Cash Flow Estimate:
$842 /month

Interested in this property?

Rhonda Proffitt

Scarborough Realty Group TX -Carthage

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$267/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,102
$250,090
2025
$70,640
$179,450
$250,090
Yes (2017)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,102
$250,090

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$421,000
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: Center

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1869 S St. Highway 87 South | Property Details | No Agent List