4429 W State Highway 31 - Specialty FOR SALE


Corsicana, TX 75110
$799,000 USD
713-614-2670
4429 W State Highway 31, Corsicana, TX for Sale
$799,000 USD
Specialty - FOR SALE
1/25
null | 4.99% Cap Rate

4429 W State Highway 31
Corsicana, TX 75110


HIGHLIGHTS

  • Established Tenant in Place with a new 5-year lease
  • Annual Rental Income: $39,840
  • City Water and Sewer
  • Space to add another building for more cash flow. 4,000-5,000 sq.ft. / Situated on 1.975 Acres – plenty of room for future potential
  • Tenant Responsible for All Repairs
  • High-Traffic Location with strong visibility - 5,500 Sq Ft Building featuring a 1-bedroom, 1-bathroom apartment

OVERVIEW

Property Description Turnkey Commercial Investment in Prime High-Traffic Location This well-positioned commercial property offers a rare opportunity to acquire a stable, income-generating asset in a high-visibility corridor. Located off a major thoroughfare with excellent traffic counts, the site is home to a long-term, established tenant operating under a new 5-year lease—generating $39,840 in annual rental income. The 5,500 sq ft building includes a functional layout with commercial space plus a 1-bedroom, 1-bathroom apartment, ideal for mixed-use flexibility. Situated on 1.975 acres, the property offers ample room for parking, potential expansion, or additional commercial activity. The tenant is responsible for all repairs and maintenance, providing minimal landlord obligations and maximum passive income potential. With consistent foot and vehicle traffic from nearby national retailers and local businesses, this property is primed for continued value appreciation. Location Description Ideally positioned just off major Highway 31, this property offers outstanding visibility and easy access in one of the area’s fastest-growing corridors. Located near top national retailers like Walmart and Starbucks—with new developments emerging regularly—this site benefits from a steady traffic flow of over **8,700 vehicles daily**, ensuring strong exposure and a continuous stream of potential customers. An adjacent vacant lot adds value, offering room for future expansion or additional lease income. Whether you're looking to launch or grow a business, this location presents a rare opportunity to tap into the area's ongoing commercial momentum.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

4.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

High-Traffic Income–Long-Term Lease,Value Add

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,031 SF

ZONING

-

APN/PARCEL ID

111990,46605

ASK ABOUT THIS PROPERTY

Adam OlsenThe Commercial ProfessionalsMore Info
713-614-2670

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Adam OlsenThe Commercial ProfessionalsMore Info
713-614-2670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.