Active

101, 103, 105 E Center Street

Lorena TX, 76655

$1,200,000


$141.49 per sqft

Active

8,481 sqft

Commercial

BACK ON THE MARKET. Buyers backed out on the day of closing. Prime Commercial Property with currently rented residential area, rented loft area, office space and retail space. Priced below May 2024 appraisal value.

Discover this exceptional opportunity with this expansive commercial property spanning over 8000 square feet in the heart of downtown Lorena, where growth meets opportunity. This Prime Commercial Property with currently rented residential area, rented loft area, office space and retail space is a rare find.

Key Features:
Size: Over 8000 square feet of adaptable space, perfectly suited for retail, office, or mixed-use development.

Location: Positioned in the heart of downtown Lorena.

Residential/Rental Homes: Included are two well-appointed rental homes, each designed for comfort and style, providing an additional revenue stream that enhances the property's investment potential. One 2/bedroom, 2/bath with 2 car garage, glassed in porch, kitchen, laundry room and fenced in backyard with pool. One 2 bedroom/1 bath loft with kitchen & laundry room.

Income Potential: The two homes generate substantial rental income, offering a steady revenue stream.

Investment Opportunity: Ideal for investors seeking a robust return on investment in a burgeoning real estate market.

Community: Located in a vibrant community known for its growth.

This rare offering presents an unparalleled chance to acquire a substantial commercial property with built-in income from rental homes, poised to support various business ventures while providing a secure investment for the future. Don't miss out! Call today to arrange a showing as this property is PRICED TO SELL.

220252

MLS ID

January 26, 2024

Listed

September 17, 2024

Updated

Map

101, 103, 105 E Center Street
Lorena TX, 76655

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Electric, Gas, Window Unit(s)


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.32 Acres


Lot Features

Corner Lot


Roof

Composition


Sewer

Public Sewer

School Information

School District

Lorena ISD

Other Property Details

Taxes

$2,047


Tax Frequency

Annually


Days on Market

132


Garage

No


Parking

Other, On Street, See Remarks


View

No


County

McLennan


Water Source

Public


Pool

No


Zoning

C

Listing History

Date

Event

Price

6/27/2024

Price change

$1,200,000

-20%

6/27/2024

Active

5/9/2024

Pending

 

Courtesy of Graceland Real Estate

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Renee Gillette shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Waco Association of REALTORS. All rights reserved.

Data last updated 10:06 AM UTC, 9/17/2024

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