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    700 Highway 82 W Gainesville, TX 76240

    For Sale
    $2,249,000

    Business - Gainesville, TX

    Type:Business
    Lot size:
    1.01 Acres
    Days on Market:
    304
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 700 Highway 82 W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    13077, 791, 5758
    Parking features
    Driveway, On Street, Oversized, Parking Lot
    Lot size
    1.01 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Other (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1987
    Flooring type
    Vinyl, Wood
    Roof type
    Composition, Metal
    Architectural style
    Other

    Prime Properties (940) 668-0504

    Listing agent Natalie Graves (940) 668-0504 License #0638527

    Listing date Feb 7, 2025

    MLS# 20829023 Listing URL

    Copyright © 2025 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.

    Overview

    Prime Commercial Acreage in Gainesville

    This multi-use commercial property is located on Highway 82 in Gainesville, Texas, near Interstate 35. The 1.01-acre site features road frontage on four sides, including Highway 82, Culberson Street, Yates Street, and Mill Street, offering visibility and access from main roads and intersections. The property includes a laundromat that has been in operation for over 35 years, three leased houses, a vacant lot, an office building, and a 30-foot advertising billboard at the corner of Highway 82 and Culberson Street. The laundromat is currently owner-occupied, with only half of the building in use, presenting an opportunity to lease the remaining space. A large vacant lot on the southwest end of the property is available for development. The existing leased parcels provide income. This property is located in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Cooke
    State
    Texas
    Longitude
    -97.15069
    Latitude
    33.640295

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    FAQs

    What type of property is this?
    Retail property - High-traffic commercial property with multiple income streams and development potential.
    Where is this retail property located?
    The property is located at 700 Highway 82 W Gainesville, TX.
    What is the asking price?
    The asking price for this property is $2,249,000.
    What are key features of this property?
    This property features: - Prime commercial property with high traffic location on Hwy 82, seconds from I-35.; - Road frontage on 4 sides offering great visibility and access.; - Established laundromat (35+ years in business) with potential to lease out half of the building.
    (940) 668-0504
    Request Owner's contact information
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    Gainesville, TX 76240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Highway 82 W Gainesville, TX 76240
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