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$198,000

249 E Lake Dr, Hamlin, TX, 79520

On MarketInfo
Just AddedInfo
CommercialInfo
Baths0 Bath
Baths13,344 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1930

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size42,079 sqft

Building Information

Year Built1930

Land Information

APN17330
Lot Number7-12
Land UseCommercial
Legal DescriptionHAMLIN TOWNSITE HAMLIN BLK 121 LOT 7-12
Census Tract020300
Assessed Land Value$18,000
Assessed Improvement Value$135,670
Assessment Year2025

About this property

A rare opportunity to own a cherished part of the community! Long known as Reed’s Farm Store, this remarkable property has served the area for years and is ready for its next chapter. Situated on almost an acre, the property offers approximately 13,320 sq. ft. of combined building space along with ample on-site parking. The former retail store features approximately 1,216 sq. ft. with a bathroom, preserving the character and charm of this longtime local business. An impressive 10,304 sq. ft. shop-warehouse offers expansive open space with overhead doors, storage areas and office space, providing functionality for a variety of business needs. An additional 1,800 sq. ft. building adds even more versatility and potential for storage, workspace or other uses. The generous parking and open areas provide room for customers, employees, equipment, trailers or business vehicles. With its recognizable storefront, substantial warehouse space, multiple structures and existing improvements, this unique property offers endless possibilities for an entrepreneur, investor or business owner. Whether your vision includes retail, warehouse operations, equipment storage, office space, a service-based business or redevelopment, this property provides the space and flexibility to bring that vision to life. Bring your ideas and continue the legacy of this special property!

Investor Tools

$51,035Estimated Mortgage Balance
$102,635Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$347/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,390
$153,670
2025
$18,000
$135,670
$153,670
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,390
$153,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank Texas
Open End Mortgage / Open End With Future Advance Clause
$80,050
No
First
May 13, 2011
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$51,035
$102,635
66%
33%
$480/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: Hamlin

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