Situated on two corner lots totaling just under half an acre in the Mesquite Acres neighborhood of Lake City—just outside of Mathis, Texas—this property presents a unique investment or renovation opportunity in a quiet, established area. Located within the Mathis Independent School District, this single-story home offers 1,452 square feet of space and was originally built in 1968. The structure has been fully gutted and is ready for renovation, with major improvements already completed: recently upgraded electrical and plumbing systems are in place, giving future owners a strong foundation to build upon. The current floor plan is configured as a 1-bedroom, 1.5-bathroom layout and includes a 2-car garage, offering ample storage and parking. The home sits on the corner of Lake Street and South Mesquite Drive, and features new Pella windows throughout, adding both energy efficiency and value. The property also includes a water well (not currently active) for added flexibility. This listing includes Lots 17 and 18 only; Lot 19 is not included. However, the owners prefer to sell this property along with nearby Lot 16, located on the corner of South Mesquite Drive and 2nd Street one block over, for buyers interested in expanding their footprint or future development. Whether you’re looking to design a custom home, flip a property, or invest in a quiet community near Lake Corpus Christi, 127 Lake Street offers solid potential and key infrastructure updates to jumpstart your vision. Property is being sold as-is.