Investor Special! Previously a nursing home, but the building has lots of potential sitting on a large lot that stretches a full block, with plenty of parking in the front. Two separate wings with rooms on each wing, large kitchen with some equipment and separate laundry room behind the building. Use the rooms separately as an Airbnb, office space, storage units, or use the building as a whole for an event center! Possibilities are endless, and seller is motivated.
Loraine is located in Texas. Loraine, Texas has a population of 588. Loraine is more family-centric than the surrounding county with 63.95% of the households containing married families with children. The county average for households married with children is 26.92%.
The median household income in Loraine, Texas is $48,750. The median household income for the surrounding county is $50,144 compared to the national median of $69,021. The median age of people living in Loraine is 36.3 years.
The average high temperature in July is 94.5 degrees, with an average low temperature in January of 29.1 degrees. The average rainfall is approximately 21.8 inches per year, with 2.3 inches of snow per year.
