Originally built in 1934, this charming Tudor-style property presents a unique opportunity to own a piece of history with incredible future potential. The home maintains many of its original architectural features and character, offering an excellent foundation for an investor looking to restore and repurpose a distinctive property or an… Read More entrepreneur searching for the ideal location for their next endeavor.
The property is commercially zoned, creating a variety of possibilities beyond its existing structure. Renovate the original Tudor for office, professional, or other permitted commercial use, or explore redevelopment opportunities for the site. With commercial zoning allowing for multifamily development, an investor may have the potential to remove the existing structure and develop a property with four or more residential units, subject to applicable city requirements and approvals.
Location adds even more value to this opportunity. The property is conveniently positioned directly next to a city bus stop and within walking distance of Wayland Baptist University, providing excellent accessibility and a strong potential tenant base for future multifamily development.
For investors looking to expand their footprint, the seller is also offering *three additional adjoining lots, all located side by side*. Each additional vacant lot is offered at *$75,000* the second property with a structure is priced at $150,000. This creates a rare opportunity to acquire multiple contiguous properties and potentially assemble a larger site for redevelopment. Seller is requiring Properties be sold in pairs of two, meaning this property and the vacant parcel must be purchased together.
Whether preserving the character of the original 1934 Tudor, establishing a new commercial venture, or taking advantage of the multifamily and assemblage potential, this property offers multiple paths for investment in a prime and highly accessible location. Read Less
Courtesy of Monument Realty, KC Cook.
Listing Snapshot
Days Online
58
Last Updated
Property Type
SingleFamilyResidence
Beds
2
Full Baths
2
Square Ft.
1,376
Lot Size
0.13 Acres
Year Built
1934
MLS Number
21357342
Additional Details
Property Access
Frontage Type: AllWeatherRoad
Building
Built in 1934, Year Built Details: Preowned, Living area: 1376.0, Levels: One, Construction Materials: Brick, Rock, Stone, WoodSiding
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