Leased commercial investment opportunity located at 201 S 31st St in Temple, Texas. Offered at $215,000, this property provides immediate in-place income with an operating coffee shop tenant currently occupying the full building. The existing lease runs through June 30, 2028, creating near-term income stability with future flexibility for ownership. Current base rent is $1,726 per month, producing annual gross income of $20,712. Based on current income and known ownership expenses, the property reflects an estimated Net Operating Income (NOI) of approximately $15,494 and an estimated 7.21% capitalization rate at the asking price. This creates an attractive entry point for investors seeking a manageable commercial asset with existing cash flow. The property consists of an approximately 1,056 square foot building situated on a 0.16-acre corner lot. Its size and price point make it a rare opportunity in today’s market, where many commercial assets are either larger, more management-intensive, or priced beyond the reach of many private investors and owner-users. Located in a strategic Temple trade area, the site benefits from strong access to several of the city’s primary transportation corridors including S 31st Street, W Adams Avenue, W Central Avenue, and Interstate 35. This connectivity allows convenient access throughout Temple as well as to nearby Belton, Killeen, and the broader Central Texas region. The property is also positioned near several major economic and traffic generators. Baylor Scott & White Health, one of the region’s largest employers and a major medical destination, is located nearby. Downtown Temple is just minutes away and continues to grow as a center for restaurants, entertainment, business activity, and community events. Additional nearby demand drivers include Temple High School, established residential neighborhoods, and major retail concentrations. The current tenant use as a coffee shop demonstrates the functionality of the site for customer-facing retail or service operations. The existing layout and location could also support a variety of future uses, including boutique retail, office, café, salon, studio, or other service-oriented businesses, subject to buyer verification of zoning and intended use. In addition to current income, the property offers optionality that many small investors seek. A buyer may choose to continue operating the property as a leased investment, occupy the building in the future after lease expiration, or reposition the asset over time. This combination of income today and flexibility tomorrow broadens the buyer pool and enhances long-term appeal. Recent ownership improvements include a roof replacement within the past two years, helping reduce near-term capital concerns. Parking is supported by a combination of rear and side access areas along with available street parking. Highlights include: Existing tenant in place with immediate income Current rent of $1,726/month Lease term through June 30, 2028 Estimated NOI of $15,494 Estimated 7.21% cap rate at asking price ±1,056 SF building on 0.16 acres High-visibility corner location Strategic access near 31st St, Adams, Central, and I-35 Near Baylor Scott & White, Downtown Temple, and retail corridors Future owner-user potential Flexible building for multiple commercial uses Entry-level commercial price point This is an excellent opportunity to acquire a small-format commercial property with stabilized income, strategic location fundamentals, and long-term upside in one of Central Texas’ growing markets.