301 W Commerce Street, Gladewater, TX 75647 - MLS#21126268

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Mike Bowman

[email protected] +1(817) 328-2306

$500,000

Est. payment - /mo

0.73 Acres Lot

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision Na

MLS Listing ID 21126268

Total Fin. Sqft 11122

Year Built 1932

Lot Size 0.730 Acres

Acres 0.73

Property Sub-Type Business

Property Description

Prime Investment Opportunity in Downtown Gladewater – Fully Leased 8-Unit Multifamily Property with Expansion Potential! Located just steps from the shops, dining, and charm of historic downtown Gladewater, this exceptional 8-unit apartment complex offers immediate cash flow with exciting future upside. Built in 1932, this two-story property is full of character and has been thoughtfully maintained to appeal to long-term tenants and savvy investors alike. The property features a mix of 1-bedroom and 2-bedroom units, all currently leased, along with on-site laundry facilities, plenty of off-street parking, large storage rooms for tenant use, and RV parking with electrical hookups—providing an additional income stream and appealing to both traveling professionals and extended-stay tenants. An investor's dream, this property also includes over 4,100 square feet of unused building space, offering a rare opportunity to add value. Whether you're considering additional residential units, office or retail space, short-term rentals, or tenant amenities, this space gives you the flexibility to grow your investment and increase returns. Situated in a high-demand rental area, this property is a turn-key asset with current occupancy and strong rental appeal—perfect for both seasoned investors and those looking to expand their portfolio. Don't miss out on this rare opportunity in one of East Texas's most charming downtown districts—schedule your private tour today!!!

Location

State TX

County Gregg

Direction From 80 E toward Gladewater, Turn left onto N Center-St US-271 N, Turn Right on W Commerce Ave and proceed to 301 W Commerce.

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Other

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water

Roof Type Flat

Garage No

Building

Lot Description Level

Foundation Slab

Structure Type Concrete

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21126268

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Charlotte Williams • Keller Williams Realty-Tyler

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Mike Bowman

+1(817) 328-2306

Broker | License ID: 0273938

Broker License ID: 0273938

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301 W Commerce Street Gladewater, TX 75647

Mike Bowman

Key Details

Location

Interior

Exterior

Building

Others

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