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Retail Building with Side Room
New
For Sale
$425,000

301 S Ellis Street, Groesbeck, TX 76642

CommercialSale, Groesbeck, TX

Property Size2,821 SF
Lot Size0.17 Acres
Price / SF$150.66
Days on Market3

Property Features for 301 S Ellis Street

General Information

Property type Commercial Sale
Property subtype Retail
Parking features On Street
Subdivision Alley Adjacent
Lot features Corner Lot
Directions Restaurant is located directly across from the Limestone County Courthouse on State Highway 14.
Standard status Active
APN R8899
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description BLOCK 101 GROESBECK, LOT 009(PT) - 010, PT ALLEY A
Tax Annual Amount 4104
Legal Description BLOCK 101 GROESBECK, LOT 009(PT) - 010, PT ALLEY A

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Amenities

vaulted ceilings
abundant natural light
large windows
flexible layout
spacious side room
kitchen
prep and cleaning area
office
walk-in refrigerator and freezer
restrooms

Building Details

Year built 1984
Floors in Building 1
Number of units 1
Flooring type Tile
Building materials Brick, FiberCement, StoneVeneer
Roof type Metal
Listing Agency: Realty Plus - Groesbeck
Listed By: Tad Kirkendoll
Added: Oct 1 Changed: Oct 2 Last Checked: Oct 3 at 3:06AM
MLS# 21401530

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The 2,821-square-foot retail building has a flexible interior with vaulted ceilings and large windows across the front and two sides. A separate side room can serve as additional retail or meeting space. The layout also includes a kitchen, prep and cleaning area, office, walk-in refrigerator and freezer, and restrooms. Tile flooring, central heating and air conditioning, and a metal roof are in place. The building dates to 1984, and exterior work in 2023 included roof replacement and moving the AC units from the rooftop to ground level.

The property fronts Highway 14, also known as Ellis Street, across from the Limestone County Courthouse and near the Highway 14 and Highway 164 intersection. Public water and sewer serve the property; parking is on street.

Key Highlights

  • 2,821 square feet of interior space
  • Vaulted ceilings and large windows on three sides
  • 2023 exterior work included a new metal roof and relocation of rooftop AC units to ground level

Property Analytics

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Current Use

El Pancho Mexican ... Restaurant

Suggested Use

Top Pick Building Supply Real Estate Agency HVAC Service Electrical Service Dental Office Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby
66k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Shops & Services 35% Groceries 20%
Brookshire's Groceries
13,430 visits/mo 0.5 miles
McDonald's Dining
12,469 visits/mo 0.4 miles
Texaco Shops & Services
12,097 visits/mo 0.2 miles
SONIC Drive In Dining
5,994 visits/mo 0.2 miles
Bush's Chicken Dining
5,632 visits/mo 0.2 miles

Demographics for 76642, TX

6,641
Population
2,824
Households
2.4
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
248.1 sq mi
ZIP Area
27
Density / Sq Mi
$60,186
Median Household Income
$38,043
Median Earnings
$828
Median Rent
$188,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Front-facing windows bring natural light into a flexible commercial interior with food-preparation and cold-storage areas.
Where is this retail space located?
The property is located at 301 S Ellis Street Groesbeck, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,821 square feet of interior space; Vaulted ceilings and large windows on three sides; 2023 exterior work included a new metal roof and relocation of rooftop AC units to ground level
More about this property
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