Listing Description
CHECK THIS OUT! 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.