100 S Main Street

Description

Prime Corner Building with Salon & Apartment. 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 youre looking to expand an existing business or start something new, this is the perfect space with everything you need to succeed.