$470,000

100 S Main Street, Crandall, TX 75114

  • 2,160 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon2,875sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $218/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Prime Corner Building with Salon & Apartment. This updated, corner commercial property offers a fantastic opportunity for investors and business owners alike. Located in nostalgic down-town Crandall, TX, the property boasts a total of approximately 2,549 square feet and features two distinct spaces – a thriving salon and a spacious 2-bedroom apartment – providing multiple income streams. This salon space (approx. 1,363 sq. ft.) is fully equipped for success, featuring 8 stations and 4 shared wash sinks, including 2 private suites for added privacy and luxury. Each station's potential rent income is $150 per week, equating to a potential annual income of $7,800 per station. The salon is also equipped with a color dispensary, break or laundry room, and bathroom. With front and side entrances, the salon is easily accessible to clients. Key features include • Roof (2022) • HVAC (2020) • Exterior paint • Attic space for additional storage over the salon • All salon equipment, such as hair drying chair, washer and dryer, and more will convey. The apartment (approx. 1,186 sq. ft.) offers comfortable living space with 2 bedrooms and 2 bathrooms. It currently rents for $1,500 per month through the end of November, providing steady rental income. The layout includes a large multi-use living area downstairs with the kitchen and bedrooms located upstairs. Income Potential: • Potential Salon Income: $62,400 annually (8 stations at $7,800 each) • Apartment Income: $18,000 annually (at $1,500 per month) • Total Potential Annual Income: $80,400 with full occupancy. This property is ideal for an owner-operator or as an investment property, providing significant income potential in a prime location. Whether you’re looking to expand an existing business or start something new, this is the perfect space with everything you need to succeed.

Listing Status:
Active
Listing Office:
RE/MAX Landmark Rose : 903-567-3100
Listing Agent:
Lori Kite :
MLS ID:
20858038
  • Flooring: Concrete
  • A/C: Central AirElectric
  • Heating: CentralElectric
  • Disability Feature: Accessible Approach with Ramp

This listing courtesy of Lori Kite, RE/MAX Landmark Rose

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

W

WIlson Elementary School

300 Meadowcreek Dr, Crandall, TX, 75114

Grades PK-6

0.26 miles away

C

Crandall Middle School

500 W Lewis St, Crandall, TX, 75114

Grades 7-8

0.52 miles away

C

Crandall Compass Academy

400 W Lewis St, Crandall, TX, 75114

Grades 10-12

0.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.