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