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$795,000

401 W Main St, Van, TX, 75790

On MarketInfo
CommercialInfo
Beds Beds
Baths Bath
Baths2,270 Sq Ft
RetailRetail
Year BuiltBuilt in 1955

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringVaries

Exterior

Lot Size10,890 sqft

Building Information

Year Built1955
Stories1

Land Information

APN064.0299.5270.0000.0000
Land UseCommercial
Legal DescriptionACRES: 0.250 ABST: 299 SUR: GROSS 3 TRS COMB
Census Tract950801
Assessed Land Value$38,550
Assessed Improvement Value$46,790
Assessment Year2025

About this property

This 1.388-acre property located in Van, TX, is now available for sale or lease. The site comprises six parcels and is situated on a corner lot with direct access to Interstate 20, just one mile away, via S Oak Street frontage. This location offers exceptional potential for retail development, particularly a convenience store, which would serve the community’s high demand. Of the five buildings on-site, spaces 425 and 427 are leased, while 119, 401, and 403 are vacant, providing opportunities for leasing or redevelopment. The property is zoned as a general commercial district, offering flexibility for various development options.

Investor Tools

$406,345Estimated Mortgage Balance
$85,340Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,770 /month
Positive
Cash Flow Estimate:
$1,590 /month

Interested in this property?

Kevin Weable

M&D CRE, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$110/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$895
$85,340
2025
$38,550
$46,790
$85,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$895
$85,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank Texas Na
Commercial
$430,000
No
First
May 17, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$406,345
N/A
0%
476%
$2,579/mo

City: Van

401 W Main St | Property Details | No Agent List