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190 S Commerce St

2,000 SF Retail Building Frankston, TX 75763 £118,501 (£59/SF)

Investment Highlights

  • Unique corner building DT Square - Frankston, TX
  • High accessibility near US 175 & TX Hwy 155
  • 2000 square feet space

Executive Summary

Welcome to an exceptional commercial property located at the corner of S Commerce Street and West Main Street in the heart of downtown Frankston, Texas. This versatile end-cap unit offers a prime location with a high visibility profile, perfect for a variety of business ventures. Spanning 2,000 square feet, this property has a rich history dating back to its construction in 1940, and it received a comprehensive renovation in 2019, ensuring modern amenities while retaining its historic charm.

Key Features:
Size: 2,000 square feet
Location: Downtown Frankston, corner of Commerce St and W Main St
Building Type: End cap unit, ideal for high foot traffic
Year Built: 1940
Renovated: 2019
Previous Use: Washateria
Potential Uses: Retail storefront, restaurant, office space

Location Benefits:
Frankston, Texas, is a charming small town known for its friendly community and strategic location. Situated in Anderson County, Frankston offers a serene environment while being conveniently accessible from larger cities like Tyler, which is only a short drive away. This makes it an attractive spot for businesses looking to serve both local residents and visitors.
The property’s position on the downtown square ensures a constant flow of potential customers. The downtown area is the heart of Frankston, featuring a mix of local businesses, eateries, and cultural attractions, creating a vibrant and welcoming atmosphere. Being an end-cap unit, the property benefits from maximum exposure and accessibility, further enhancing its appeal.

Ideal Uses:
Retail Storefront: The spacious interior and prime location make this property perfect for a boutique, specialty shop, or any retail venture aiming to capitalize on foot traffic from the downtown area. The corner positioning allows for expansive window displays to attract customers.
Restaurant: With the rise in popularity of unique dining experiences, this property offers an excellent opportunity for a new restaurant or café. The space can be transformed to accommodate a cozy, inviting dining area, taking advantage of the downtown vibe to attract both locals and tourists.
Office Space: For businesses seeking a central location, this property provides an ideal office environment. The renovated interior can be customized to meet the needs of various professional services, offering a prestigious address in downtown Frankston.

Community and Economic Potential:
Frankston’s community-oriented atmosphere and support for local businesses create a nurturing environment for new ventures. The town's economic landscape is diverse, with opportunities in retail, hospitality, and professional services. Additionally, Frankston’s proximity to recreational areas, such as Lake Palestine, draws tourists, adding to the potential customer base for businesses located in this prime downtown spot.

Conclusion:
This 2,000-square-foot commercial property at the corner of Commerce Street and West Main Street is a rare find in downtown Frankston, Texas. Whether you envision a vibrant retail shop, a trendy restaurant, or a professional office space, this versatile property offers the perfect canvas to bring your business ideas to life. With its historic charm, modern amenities, and unbeatable location, it stands ready to become a cornerstone of the downtown Frankston business community.

Equipment for sale separately.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Taxes £1,709 £0.85
Operating Expenses - -
Total Expenses £1,709 £0.85

Financial Summary (Pro forma - 2024)

Taxes
Annual £1,709
Annual Per SF £0.85
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £1,709
Annual Per SF £0.85

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,000 SF
Year Built/Renovated
1940/2019
Price
£118,501
Price Per SF
£59
Tenancy
Single
Number of Floors
1
Building FAR
0.70
Land Acres
0.07 AC
Zoning
Commercial - Retail-Commercial
Frontage
25 ft on Commerce

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R37281
Land Assessment
£3,580
Improvements Assessment
£88,029
Total Assessment
£91,609
Annual Taxes
£1,709 (£0.85/sf)
Tax Year
2024 Payable 2024
  • Listing ID: 32479576

  • Date on Market: 01/03/2023

  • Last Updated:

  • Address: 190 S Commerce St, Frankston, TX 75763

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