411 S Kaufman St - Specialty FOR SALE


Newton, TX 75966
$299,900 USD
713-855-0588
411 S Kaufman St, Newton, TX for Sale
$299,900 USD
Specialty - FOR SALE
1/36
null | Request Cap Rate

411 S Kaufman St
Newton, TX 75966


HIGHLIGHTS

  • This flexible commercial facility provides nine individual rooms with private baths, ideal for retail & office users, as well as hair & nail salons.
  • The property offers common areas, including a lobby, a kitchen, dining and laundry rooms, and a spacious wood deck overlooking a landscaped yard.
  • The building was recently renovated, enhancing its functionality and modern appeal.
  • An undeveloped section of the lot provides the opportunity to create assigned parking for tenants and customers.

OVERVIEW

This fantastic opportunity to acquire 411 S Kaufman Street provides a two-story commercial facility with a flexible configuration that makes it perfect for a wide variety of office and retail uses. Originally constructed in 1952, the building has undergone significant renovations to enhance its functionality and modern appeal. 411 S Kaufman Street offers an adaptable configuration that includes nine bedrooms with private baths, a communal family room with a fireplace, a kitchen, a dining area, a laundry room, and an upper-level wood deck. The property’s many smaller rooms are perfect for individual suites for hair or nail salons, private offices, of retail businesses. The building’s deck overlooks a spacious backyard with mature trees and great landscaping that can also be used to created assigned tenant or customer parking. Positioned at the heart of Newton’s central business district, the property benefits from convenient access and visibility along both Main Street and Highway 190. These busy thoroughfares deliver daily brand exposure to more than 5,400 passing vehicles. The location attracts potential clients and customers, sitting within walking distance of the Newton County Courthouse, the Newton County Historical Center, and popular local restaurants such as Cajun Joe’s Café, Texas Donut Ranch, and El Flamingo. The surrounding market area consists of a mix of residential, commercial, and special-purpose properties, contributing to stable property values and mild growth trends. Newton is bisected by both Highway 87 and Highway 190, providing businesses with easy access to large customer bases in the surrounding area. The property is reachable from Jasper, Kirbyville, and Merryville in less than 20 minutes, reachable from Lake Charles and Beaumont in less than an hour, and reachable from major markets such as Houston and Lafayette in under two-and-a-half hours. With 411 S Kaufman Street’s recent renovations and continued demand for transitional healthcare facilities in the surrounding area, the property's market value as of January 13, 2023, is estimated at $471,000. The appraisal and survey for the property are attached.

FOR SALE DETAILS

PRICE

$299,900 USD

PRICE/SF

$47 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Correctional Facility, Religious Facility, Sorority/Fraternity House

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,319 SF

ZONING

-

APN/PARCEL ID

23102

ASK ABOUT THIS PROPERTY

Kate MyhanThe Sears GroupMore Info
713-855-0588

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Kate MyhanThe Sears GroupMore Info
713-855-0588

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.