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Property Description
Prime Highway 342 Commercial Office Property with High Visibility and Excellent Access Excellent opportunity to own a well maintained commercial property featuring three individual suites in a highly visible location along Hwy 342. Situated within a prime commercial corridor with an estimated 10,000+ vehicles passing daily, the property offers outstanding exposure, convenient access, and ample parking. Suite C, approximately 600 square feet, is featured in the accompanying photos and offers a functional, professional layout ideal for a variety of office and service-oriented businesses. The main office area measures approximately 19' x 20' and features laminate flooring, recessed lighting, a ceiling fan, and abundant natural light. An additional 8' x 5' flex space can be utilized as a private office, storage area, break room, or additional workspace. The suite also includes an approximately 8' x 8' ADA accessible restroom and convenient access to the property's parking areas. The property's location and layout make it an excellent fit for insurance agencies, accounting firms, financial services, professional offices, consulting businesses, and other service-oriented users. Property Highlights: Three commercial suites Suite C approximately 600 SF High visibility along Hwy 342 10,000+ daily vehicle count Prime commercial corridor Easy access to major highways Ample on-site parking Laminate flooring Recessed lighting Abundant natural light ADA accessible restroom Flexible additional office.storage.break-room space Excellent location for owner-users or investors A great opportunity to own commercial real estate in a growing, highly visible corridor with strong accessibility and multiple potential uses. Seller financing is an option. Terms upon request.
Full Property Details
Full Property Details for 431 N State Hwy 342
General
- Price: $749,000
- Taxes: $12,500
- Status: Active
- Type: Commercial Service
- Source: NTREIS
- MLS ID: 21376396
- Updated: 9/4/2026
- Added to Site: 2 day(s) ago
Business
- Name: Hawks Alteration Shop
- Business Type: Accounting, Administrative and Support, Advertising,
Interior
- Flooring: Laminate, Vinyl
Parking
- Parking Features: Common, On Site, Unassigned
Location
- County: Ellis
- Subdivision: Mc Kinney & Williams
- Driving Directions: From I35S, exit Ovilla Rd, travel east on Ovilla Rd FM 664, exit right onto Hwy 342, property on right
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Septic Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 1,950
- Sq. Ft. Source: Owner
- Year Built: 2018
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.231
- Lot Size (Sq. Ft.): 10,062.36
- Lot Size Source: Plans
- Frontage: Highway, State Road, All Weather Road
- Sidewalks: Yes
- Lot Features: Landscaped
- Potential Use: Office, Other, Retail, Service
- Zoning: C-1
Green Features
- Water Conservation: Water-Smart Landscaping
Financial Considerations
- Tax Amount: $12,500
- Terms: Cash, Conventional, Owner Will Carry, See Agent
- Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Sewer, Taxes, Trash Collection, Water
- Tenant Pays: Electricity, Insurance, Security
Disclosures and Reports
- Legal Description: 751 TR 10 MC KINNEY & WILLIAMS BROWN0.231 ACR
- Inclusions: Building Only
- Property ID: 272994
Listed by RE/MAX Best, Patty Jordan
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Schools
Schools serving 431 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 431 N State Hwy 342
Date
Details
Price
Change
Source
9/03/2026
Listed
$749,000
—
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 431 N State Hwy 342
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,477
—
$658,757
7%
2024
$12,503
100%
$613,856
2%
2023
100%
$602,800
14%
2023
100%
$530,962
68%
2021
100%
$316,958
31%
2021
100%
$241,150
4%
2019
-100%
$231,350
—
2019
$5,769
435%
$230,540
459%
2018
$1,079
1%
$41,250
—
2017
$1,064
-1%
$41,220
—
2016
$1,073
—
$41,220
—
2014
$1,071
—
$41,170
—
2013
$1,070
—
$41,170
—
2013
$1,070
—
$41,130
—
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 431 N State Hwy 342
431 N State Highway 342, Red Oak, TX 75154 (MLS# 21376396) is a Commercial Service property. 431 N State Highway 342 is currently listed for $749,000 and was received on September 03, 2026. Want to learn more about 431 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.

