The Duncan Banner

Business

March 15, 2009

East Main getting new life

Businesses help rejuvenate area

DUNCAN — In business, there’s a saying about choosing the right location in order to make it a success. For years, East Main Street may have not been viewed as the prime location to start up a new business. Many buildings were vacant and others that had business occupants didn’t look so great. That appears to be changing.

Ask Main Street Inc. Director Tammy Johnson her thoughts on East Main Street and she immediately becomes its cheerleader.

“I’m just excited to see things happening over there because it has had a bad reputation,” she said. “If we can change the perception of East Main, that’s wonderful.

Johnson said it can benefit the entire community.

She said that in the past few months there has been more activity on East Main, with old businesses getting a facelift and other businesses from throughout Duncan that are moving to the area. Several businesses have added a fresh coat of paint, or resurfaced parking lots.

Johnson said economics plays a big role.

“If you rent a piece of property on (U.S.) Highway 81, and you pay $1,800 to $2,500 for about 1,200 square feet, then why would you do that if you can buy and own a piece of property on East Main, that is maybe $50,000 to $60,000?”

“Now they are investing in their own property that is theirs and may be making a payment of $400 a month and gaining equity. Financially it makes sense.”

Veronica Ibarra with Duncan Association of Realtors said there is one building listed for sale. It’s the former Sledge 66 service station and while it is listed as in poor condition, the price offers an investor the ability to upgrade it. Ibarra said it’s in the 400 block of East Main, has more than 2,500 square-feet on nearly 1 1/2 acreage lot with room for parking — for $35,000.

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