Active

$365,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 2360 sq ft
Overview
  • ID: MFRO6395583
  • Bedrooms:
  • Bathrooms: 0
  • Size: 2360 sq ft
Property Details
Remarks
This property represents a rare high-visibility mixed-use opportunity positioned on a main road, offering strong exposure, flexible layout, and multiple income-generating or owner-user scenarios. Highest and Best Use: The optimal use for this property is as a professional office with live/work capability or multi-use business hub. The existing layout supports immediate occupancy for medical, professional services, consulting, or boutique business operations, while also allowing for residential integration—an increasingly desirable model in today’s market. The presence of an established doctor’s office configuration provides a clear path for medical, wellness, or service-based businesses, reducing conversion costs and accelerating time to operation. The flexible floor plan allows for multiple offices, client-facing areas, and private workspaces. The upstairs bonus room offers additional revenue or functional potential—ideal for executive office space, short-term rental, or staff housing. Scenic lake views from the upper level enhance the overall appeal for both clients and occupants. The detached garage/workshop significantly increases the property’s utility, supporting trades, storage, or operational use. With both overhead and side access, this space can function independently or as part of the primary business use. The additional shed further expands storage capacity, supporting a variety of business types. Situated on an oversized .67-acre corner lot, the property offers strong site presence, accessibility, and potential for signage, parking optimization, or future expansion (subject to zoning). The mature landscaping, including a pecan tree, enhances curb appeal for client-facing businesses. Capital Improvements & Risk Mitigation: • 2023: New electrical panel, hot water heater, fixtures, and functional upgrades • Roof replaced in 2017 • Foundation serviced by Alpha Foundations with final inspection scheduled • Commercial-grade washer/dryer included • Reasonable insurance costs These improvements reduce deferred maintenance risk and support long-term operational stability. Investment Positioning: This asset is well-suited for: • Owner-users seeking to eliminate lease expenses • Medical or professional office users • Live/work operators • Investors targeting flexible-use properties in high-visibility locations With strong road frontage, adaptable infrastructure, and multiple income pathways, this property offers both immediate usability and long-term upside, making it a compelling acquisition in today’s market.
Financial Considerations
Price:
$365,000
HOA Fee:
N/A
Tax Amount:
$5054.87
Price per SqFt:
$125.09
Tax Legal Description:
UMATILLA, MITCHENORS'S ADD FROM W'LY COR OF LOT 2 BLK E RUN NE'LY ALONG W'LY LINE OF SAID LOT 2 A DIST OF 150 FT FOR POB, TURN TO THE RIGHT AT AN ANGLE OF 90-0-0 & RUN SE'LY 145.15 FT, THENCE RUN NE'LY & PARALLEL WITH E'LY LINE OF SAID LOT 3 BLK E A DIST OF 146 FT, RUN NW'LY & PARALLEL WITH SW'LY LINE OF SAID LOT 2 A DIST OF 145.15 FT TO W'LY LINE OF SAID LOT 2, SW'LY ALONG W'LY LINE OF SAID LOT 2 A DIST OF 146 FT TO POB, BEING PART OF LOT 2 BLK E PB 1 PG 56 ORB 5657 PG 919 ORB 5787 PG 223
Exterior Features
Lot Size:
29346
Lot Features:
Corner Lot, City Limits, Oversized Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Electric
Cooling:
Central Air
Appliances:
Refrigerator
Furnished:
No
Floor:
Ceramic Tile
Levels:
Two
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1910
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
Northwest
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    311 S CENTRAL AVE
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