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Investment Highlights

  • High traffic area in a growing community

Executive Summary

Versatile Commercial Property with Flexible Multi-Tenant or Single-User Layout Exceptional opportunity to own a highly visible commercial property located on a heavily traveled highway, offering outstanding exposure for a variety of business uses. The building is currently configured as two separate suites but can easily function as one larger space, providing flexibility for owner-occupants, investors, or multi-tenant use. The property features two restrooms, hard-surface flooring throughout, and approximately 8–9 on-site parking spaces for customers and staff. Suite A includes stylish barn doors that create private workspaces while maintaining the option for an open, collaborative layout. Climate control is provided by two HVAC systems, including one recently installed split-system unit, helping ensure efficient comfort throughout the building. An ADA-accessible ramp provides convenient entry for clients and visitors. The property also benefits from established landscaping, enhancing curb appeal and creating a welcoming first impression. Whether you're looking for office, retail, medical, professional services, or another commercial use, this adaptable property offers excellent functionality, visibility, and convenience in a prime high-traffic location. Tax rolls indicates 988 sf

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $47,788 $95.58
Other Income - -
Vacancy Loss - -
Effective Gross Income $47,788 $95.58
Taxes $5,345 $10.69
Operating Expenses - -
Total Expenses $5,345 $10.69
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $47,788
Annual Per SF $95.58
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $47,788
Annual Per SF $95.58
Taxes (CAD)
Annual $5,345
Annual Per SF $10.69
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $5,345
Annual Per SF $10.69
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
500 SF
Building Class
C
Year Built
1990
Price
$604,461 CAD
Price Per SF
$1,208.92 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
500 SF
Building FAR
0.05
Lot Size
0.23 AC
Zoning
C-1
Parking
8 Spaces (16 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning
  • Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
188277
Land Assessment
$173,584 CAD
Improvements Assessment
$89,346 CAD
Total Assessment
$262,930 CAD
Annual Taxes
$5,345 CAD ($10.69 CAD/SF)
Tax Year
2025
  • Listing ID: 41147180

  • Date on Market: 2026-07-02

  • Last Updated:

  • Address: 429 N State Highway 342, Red Oak, TX 75154

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