UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Crandall Original 1
MLS Listing ID 20858038
Total Fin. Sqft 2160
Year Built 1900
Annual Tax Amount $5,083
Lot Size 2,874 Sqft
Acres 0.066
Property Sub-Type Business
Property Description
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.
Location
State TX
County Kaufman
Zoning Commercial
Direction From Dallas, take CF Hawn Frwy towards Kaufman. Exit FM 741. Turn right onto N. Main St. Keep right onto N Main St. Location on the right.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Concrete
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water, Concrete
Roof Type Flat
Accessibility Accessible Approach with Ramp
Garage No
Building
Lot Description Zero Lot Line
Foundation Slab
Structure Type Brick
Others
Ownership James D Finch
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20858038
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.