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$199,000

401 E Texas Ave, Mart, TX, 76664

On MarketInfo
Just AddedInfo
CommercialInfo
Baths0 Bath
Baths5,000 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1920

Highlights

Interior

Bathrooms 0Bathrooms 0
HeatingHeating
CoolingCooling
FlooringConcrete

Exterior

Lot Size6,251 sqft

Building Information

Year Built1906
Stories1
Roof Type183

Land Information

APN320116000152006
Lot Number1
SubdivisionMart Ot
Land UseCommercial
Legal DescriptionMART OT LOT 1 & 2 BLOCK 22 ACRES .1435
Census Tract003601
Assessed Land Value$12,500
Assessed Improvement Value$54,090
Assessment Year2025

About this property

Strategically positioned on a cornet lot. This 5,000-sq-ft commercial building offers exceptional flexiblity for a wide range of business uses. One side is currently configured with office space, wile the opposite side remains fully open, allowing for easy customization or seamless conversion into a single 5,000-sq-ft layout. This property functions as a true build-to-suit opportunity. Its open footprint supports a variety of commercial concepts, including multi-tenant operations, restaurant use, retail, service businesses, or specialty venues. High visibility and cornet-lot- access enhance traffic flow and customer exposure. Building is ideal for investors, entrepreneurs, or expanding businesses seeking a customizable asset with strong positioning and unlimited potential.

Investor Tools

$131,614Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

Interested in this property?

Josephine Martinez

EG Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$153/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,501
$66,590
2025
$12,500
$54,090
$66,590
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,501
$66,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Donald Steinke
Purchase Money Mortgage
$140,000
No
First
May 16, 2023
Apr 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,614
N/A
0%
198%
$840/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: Mart

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401 E Texas Ave | Property Details | No Agent List