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Prime investment opportunity in the city of Caldwell, TX! This +/- 1.59-acre corner property is strategically located at the intersection of HWY 36 N and Sunny Street, just minutes from the major HWY 21 and HWY 36 intersection. The property features two income-producing structures, offering immediate cash flow and long-term upside potential. Improvements include a 2-bedroom, 1-bath residential home and an approximately 2,000 SF commercial shop with direct frontage along HWY 36. Both structures are currently utilized as income-producing properties. With strong visibility and accessibility, this location offers outstanding potential for a variety of commercial ventures while maintaining residential rental income. The HWY 21/HWY 36 intersection sees a recorded annual average daily traffic count of 33,566, providing excellent exposure for business operations. Utilities are provided by the City of Caldwell, including water, sewer, and single-phase electricity. Conveniently located approximately 83 miles to Austin, 107 miles to Houston, 142 miles to San Antonio, and 193 miles to Dallas. Ideal opportunity for investors, owner-operators, or those seeking mixed-use potential in a high-visibility corridor.
Property Type
Commercial Sale
Year Built
1972
Lot Size
0.21 acres
Garage
10 spaces
Listed by Armstrong Properties
Property Details
Construction
Parking
Verified property facts
585 State Highway 36 N is a Commercial Sale built in 1972 featuring 0 bedrooms, 0.21-acre lot.
585 State Highway 36 N is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 585 State Highway 36 N is $643. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($110,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 585 State Highway 36 N is around $2,907 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.

20% ($110K)
$550,000
Luxury property intelligence
A sourced read on Lewis Add pricing, timing, and property scale. No automated valuation claim.
List price
$550,000
Price per sqft
Not available
Vs. Lewis Add median
Not available
Days on market
98 days
Original to current
No verified reduction
$550K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $550,000, 585 State Highway 36 N is in the Lewis Add market where there are currently 15 active listings in 77836.
585 State Highway 36 N was built in 1972 (54 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Best Match
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