Corner Commercial Development
100 N Parkway Drive Alvarado, TX 76009
100 N Parkway Drive, Alvarado, TX, 76009
$200,000
For Sale
$200,000
LAND - Alvarado, TX
Lot Size0.22 Acres
Days on Market196
Property Features for 100 N Parkway Drive
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- R000008197
- Lot size
- 0.22 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 1
Listing Agency
Gary Wallace Realty
(254) 266-0688
Whitney, TX
Listed by
Gary Wallace · License #0764218
(254) 266-0688
Added: Jan 2 Checked: Jul 17 at 1:06 pm
MLS# 21141500
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Investment Insights
Based on property information with market context.
This offering presents a 0.224-acre corner lot in Alvarado, Texas, previously developed as a 7-unit studio mini hotel. The property was last renovated in 2014, and it is currently vacant and boarded up. The site offers a redevelopment opportunity for an investor looking to convert the existing improvements into a cash-flowing asset or to pursue a tear-down and re-purpose for a new commercial use.
Situated on a busy street and positioned for strong visibility, the location supports a range of commercial concepts within Johnson County. The property is identified as being in Zoning C-2, Commercial District 2. Prospective buyers should verify all details, including zoning-related requirements and any assumptions about allowable uses and on-site conditions, as part of their due diligence.
For investors, the property fits a hands-on strategy where value can be created through renovation and re-tenanting or through ground-up redevelopment. For operators exploring a smaller infill-style footprint, the combination of a corner setting and prior hospitality improvements may be a workable starting point, subject to verification of feasibility, permitting, and final site plans.
Situated on a busy street and positioned for strong visibility, the location supports a range of commercial concepts within Johnson County. The property is identified as being in Zoning C-2, Commercial District 2. Prospective buyers should verify all details, including zoning-related requirements and any assumptions about allowable uses and on-site conditions, as part of their due diligence.
For investors, the property fits a hands-on strategy where value can be created through renovation and re-tenanting or through ground-up redevelopment. For operators exploring a smaller infill-style footprint, the combination of a corner setting and prior hospitality improvements may be a workable starting point, subject to verification of feasibility, permitting, and final site plans.
Key Highlights
- 0.224‑acre corner lot near downtown Alvarado, Texas on a busy street
- C‑2 Commercial District 2 zoning
- Previously operated as a 7‑unit studio mini hotel
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parkway Park
Family Recreation Center
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Corner lot in a C-2 commercial district, formerly improved with a mini hotel—ideal for redevelopment or income-oriented conversion.
Where is this hotel located?
The property is located at 100 N Parkway Drive Alvarado, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 0.224‑acre corner lot near downtown Alvarado, Texas on a busy street; C‑2 Commercial District 2 zoning; Previously operated as a 7‑unit studio mini hotel
