High-Visibility Corner Property with Salon & Apartment This property offers a fantastic opportunity for investors and business owners alike. Located in nostalgic down-town Crandall, TX, the property features two distinct spaces – a thriving salon and a spacious 2-bedroom apartment – providing multiple income streams. The 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. 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. 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. Whether you’re looking to expand an existing business or start something new, this is the perfect space with everything you need to succeed.
