tomo logo

$215,000

Beds
3
Baths
2.5
sq ft
2,310

816 E Milam St, Mexia, TX 76667

816 E Milam St

Mexia, TX 76667

  • 7 days on market
Perfect location for a business! This building, formally a Medical Office, has potential for many uses such as Retail, Spa, Salon, Law office, Insurance office, restaurant or cafe and so much more! Could also be used as a residence with city zoning change as well. Featuring 2,310sqft, 5 rooms with 3 in-room sinks counters, 2 bathrooms with an additional room that could be used as storage, break area, or game room. Outside you will find a small outdoor patio, a gravel Corner parking lot. Property can also be Leased for 1 year term at a time for $2300 per month, utilities are responsibility of the Tenant. Conveniently located on Highway 84 road frontage (Milam st). Approximately, 43 Miles to Waco, TX and 84 miles to Dallas.

Details

Property type

Single Family Residence

Lot size

7,501 sq ft

Price per sq ft

$94

Year built

1969

Annual property taxes

$2,472.16

Price History

12/17/2024
Waco

Waco #226634

Listed
$215,000
05/20/2024
NTREIS

NTREIS #20451702

Removed
05/17/2024
NTREIS

NTREIS #20451702

Price change
$228,900
-0.04%

Schools & Community

Elementary school: 

A.B. McBay

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Mexia ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Citizens National Bank

Loan start date

February 2023

Original loan amount

$148,750

Est. remaining balance

Not provided

Interest rate

6.42%

Loan type

Commercial, 20 year

Seller

Samnith Sreun

Lender

Citizens National Bank

Loan start date

February 2023

Original loan amount

$148,750

Est. remaining balance

Not provided

Interest rate

6.42%

Loan type

Purchase Money Mortgage, 20 year

Seller

Samnith Sreun

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/25/2024 at 7:05 AM

Listing updated: 12/17/2024 at 1:51 PM

Listed by: Andee Barker, Heritage Real Estate Phone #: (254) 562-7899

MLS: Waco #226634

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