506 E Royall Blvd, Malakoff, TX 75148

Unlock multiple possibilities with this 0.79-acre property. Fronting busy TX-31, the site is already surveyed into three separate lots and offers a rare blend of both commercial and residential zoning—giving you options for mixed-use, income, or redevelopment. An existing home on the property could be renovated and adapted for office, boutique retail, professional services, or live-work space, allowing you to start generating income while planning future improvements. Located along a key East Texas corridor serving Cedar Creek Lake communities and 2 mins from Historic Downtown Malakoff, 15 mins from Athens, 30 mins from Corsicana and access to I-45 this property offers strong visibility, steady traffic, and a flexible path to value creation for both owner-users and investors. Whether you envision a drive-thru, retail strip, storage facility, medical office, or rental homes, this site’s zoning, lot division, and existing structure give you a head start.