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$425,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 429 N State Hwy 342
General
- Price: $425,000
- Taxes: $3,758
- Status: Active
- Type: Commercial Service
- Source: NTREIS
- MLS ID: 21313501
- Updated: Today (7/1/2026)
- Added to Site: Today
Business
- Business Type: Accounting, Administrative and Support, Advertising,
Interior
- Flooring: Hardwood, Luxury Vinyl Plank
Additional Information
- Security/Safety: Smoke Detector(s)
Parking
- Parking Features: Asphalt, No Garage, Parking Lot, See Remarks
Location
- County: Ellis
- Subdivision: Mc Kinney & Williams
- Driving Directions: Traveling South from Lancaster on Hwy 342, property is on the right past FM 664. Traveling South from Dallas, exit Ovilla Rd, travel east on FM 664, right on Hwy 342. Use GPS of choice.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Electric
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Utility Description: Electricity Available, Electricity Connected, Septic Available, Separate Meters, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Stucco
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 988
- Sq. Ft. Source: Assessor
- Year Built: 1990
Lot Features
- Lot Size (Acres): 0.231
- Lot Size (Sq. Ft.): 10,062.36
- Lot Size Source: Assessor
- Frontage: Highway, Asphalt
- Lot Features: Interior Lot, Landscaped, Sprinkler System, Few Trees
- Potential Use: Office, Retail, Service
- Zoning: C-1
Financial Considerations
- Tax Amount: $3,758
- Terms: Cash, Conventional
- Owner Pays: Trash Collection
- Tenant Pays: All Utilities
Disclosures and Reports
- Legal Description: 751 TR 9 MC KINNEY & WILLIAMS BROWN0.231 ACRE
- Inclusions: Building Only, Land & Improvements
- Property ID: 188277
Listed by RE/MAX Best, Patty Jordan
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Schools
Schools serving 429 N State Hwy 342
School District:Red Oak Independent School District
| Name | Grades | Distance |
|---|---|---|
Red Oak Elementary School 200 Ridge Drive, Red Oak, TX 75154 | PK-5 | 0.3 mi |
Red Oak Middle School 152 Louise Ritter Boulevard, Red Oak, TX 75154 | 6-8 | 1.4 mi |
Red Oak High School 220 South State Highway 342, Red Oak, TX 75154 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 429 N State Hwy 342
Date
Details
Price
Change
Source
7/01/2026
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 429 N State Hwy 342
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,758
93%
$184,868
8%
2018
$1,947
—
$171,000
11%
2018
$1,947
—
$154,744
15%
2018
$1,947
-9%
$134,928
49%
2021
$2,142
24%
$90,430
26%
2020
$1,727
-4%
$71,560
—
2019
$1,792
-8%
$71,590
-4%
2018
$1,947
2%
$74,440
1%
2017
$1,910
-3%
$73,950
-2%
2016
$1,970
-1%
$75,710
-1%
2015
$1,994
—
$76,600
-1%
2013
$1,987
—
$77,170
1%
2013
$1,987
—
$76,340
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 429 N State Hwy 342
429 N State Highway 342, Red Oak, TX 75154 (MLS# 21313501) is a Commercial Service property. 429 N State Highway 342 is currently listed for $425,000 and was received on July 01, 2026. Want to learn more about 429 N State Highway 342? Do you have questions about finding other Commercial Service real estate for sale in Red Oak? You can browse all Red Oak real estate or contact a Coldwell Banker agent to request more information.

