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ReLentLess Salon 100 S Main St 2,550 SF 100% Leased Retail Building Crandall, TX 75114 $628,164 CAD ($246.34 CAD/SF) 17.87% Cap Rate



EXECUTIVE SUMMARY
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 you’re looking to expand an existing business or start something new, this is the perfect space with everything you need to succeed.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,550 SF
Building Class
C
Year Built/Renovated
1900/2016
Price
$628,164 CAD
Price Per SF
$246.34 CAD
Cap Rate
17.87%
NOI
$112,232 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.07 AC
Zoning
Commercial
Frontage
720’ on MAIN ST
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21563 | Improvements Assessment | $333,610 CAD |
| Land Assessment | $8,027 CAD | Total Assessment | $341,636 CAD |
PROPERTY TAXES
Parcel Number
21563
Land Assessment
$8,027 CAD
Improvements Assessment
$333,610 CAD
Total Assessment
$341,636 CAD
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ReLentLess Salon | 100 S Main St
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