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$87,500

5730 FM 616, Vanderbilt, TX, 77979

On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths297 Sq Ft
price_per_sqft$294.61 / sqft
Year BuiltBuilt in 2014

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringLaminate

About this property

WOW This over 1/3 of an acre in the Industrial School District on the always busy FM 616 is THE location you have been looking for! Currently only a small part of this versatile property has been in use, as a thriving hair salon, but the possibilities here are truly endless! The charming building complete with a half bath could continue to be a salon, but it could also be a boutique or really anything you can dream of! BUT the REAL POSSIBILTIEIS lie in this extremely valuable tract, coming in at .32 acres it has existing entrances off of both 616 AND Park St, it is cleared and level and just waiting to become..... a laundry mat, a man camp, a daycare, a bar, a restaurant, storage units, a drive thru beverage barn, a mobile home park, a food truck food court, a business office, OR the perfect site for your NEW HOME! My flabbers are gasted when I think of all the potential that is offered here! And the high traffic count from both Industrial Jr. High and High School AND commuters from the nearby Formosa/Inteplast/Lolita Packing insure you will have a virtually endless supply of passersby to tempt with your offerings! Do not let this outstanding opportunity pass you by!

Investor Tools

$0Estimated Mortgage Balance
$87,500Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$525 /month
Positive
Cash Flow Estimate:
$175 /month

Interested in this property?

Katherine Compton

Twin Rivers Real Estate

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Financing Details

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

City: Vanderbilt

5730 FM 616 | Property Details | No Agent List