705-9-9 12Th StHempstead, TX 77445

This 3,375 square foot retail property, located at 705-9 12th Street in Hempstead, Texas (77445), presents a unique investment opportunity. Situated on a prime corner lot, this building enjoys a high-traffic location just one block from downtown Hempstead, and within walking distance of City Hall, the Post Office, and the Courthouse. Currently configured as a mixed-use space, 1,775 square feet are leased to a hair salon, leaving 1,600 square feet available for lease. The adaptable space is suitable for a variety of uses, including office space, a restaurant, or a medical clinic. The property is offered at an asking price of $565,000, representing a price per square foot of $167.41. The building is a single-tenancy property with a gross lease. This Hempstead property is located in an Opportunity Zone, offering potential tax advantages. The building's former use as an insurance office provides a blank canvas for a new business venture to thrive in this vibrant Texas town. The property is not subject to a ground lease.