1920 S 3RD STREET, MABANK, TX 75147
Homes for sale in Mabank.
Homes for sale in 75147.
List Price$1,399,999
1920 S 3rd Street
Mabank, TX 75147
Listing #21309451
About This Property
Cedar Creek Lake Area Office, Warehouse & Storage Investment Opportunity! Excellent commercial opportunity in a high-traffic location on Hwy 198 in Mabank, just minutes from the heart of the Cedar Creek Lake area. Ideally positioned approximately one hour from downtown Dallas and one hour from Tyler, this property offers strong regional accessibility, excellent visibility, and multiple income streams. Situated on 2.93 acres, the property includes approximately 5,000 total square feet of building space, featuring 2,500 square feet of finished office space with 14 private offices, a conference room, kitchen break area, two bathrooms, copier workroom, and interior exterior security video cameras. The office portion alone currently generates close to $80,000 in annual rental income, creating strong immediate investment appeal. The additional 2,500 square feet of warehouse space includes two high bay overhead doors and extra storage above the office area. The property also offers approximately 3,750 square feet of covered parking and 16 total office parking spaces, including 12 covered and 4 uncovered spaces. The back portion of the property is currently used for uncovered RV, boat, and trailer storage, secured by perimeter high fencing. The buyer would inherit the existing storage business, adding another layer of income potential. Additional revenue is generated from four billboards along the front of the property, maximizing the value of this highly visible Hwy 198 frontage. A front sign location with electrical is also in place, providing added branding potential for future business use. With strong traffic exposure, close proximity to Cedar Creek Lake, current office rental income, an existing storage business, billboard revenue, flexible office warehouse space, and on-site signage potential, this property offers outstanding potential for an owner-user, investor, or business looking to expand in the East Texas market.
Property Features
Location Information
County
Henderson
Subdivision
none
Interior Features
Has Fireplace
No
Floors
Concrete, Luxury Vinyl Plank
Heating
Central, Electric
Tenant Pays
Management
Cooling
Central Air, Electric
Total Number of Units
1
Exterior Features
Construction
Metal Siding, Rock, Stone
Lot Size in Sq. Ft.
127,630
Foundation
Slab
Possible Best Use
Office, Other, Warehouse
Roof
Metal
Zoning
C1
Utilities
Electricity Connected, Sewer Available, Water Available
Building Total Area (Sq. Ft.)
5,000
Security System
Security System Owned, Security System, Other
Road Description
City Street, Highway
Parking Description
Attached Carport, Additional Parking, Concrete, Garage, Inside Entrance, Kitchen Level, Parking Lot, Garage Faces Side, See Remarks
Lake Name
Cedar Creek
Has Garage
Yes
Is One Story
No
Lot Description
Acreage, Backs to Greenbelt/Park, Landscaped, Sprinkler System
Lot Description
Acreage, Backs to Greenbelt/Park, Landscaped, Sprinkler System
Lot Size in Acres
2.93
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
15792.0
Property SubType
Retail
Community Features
Curbs
Year Built
1999
Lot Acres Source
Public Records
Similar Listings
Mortgage Calculator
$6,536
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,044
Monthly Tax
$1,166
Monthly Insurance
$326
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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