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    Tx-Hwy 359 Alice, TX 78332

    For Sale
    $2,100,000

    High-traffic, income-producing office & industrial complex.

    Property size:
    10,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional commercial property, located at 0 Tx-Hwy 359 in Alice, Texas, presents a unique investment opportunity. The 150.27-acre lot boasts a substantial 10,800 square foot main office building, complemented by four additional income-generating industrial buildings. The property's strategic location on Tx-Hwy 359 ensures high visibility and easy access, maximizing its potential for both current and future operations. Beyond the existing structures, the property includes an apartment building, providing additional revenue streams. A significant portion of the land remains undeveloped, offering considerable potential for expansion or new development projects. This versatile property is ideal for investors seeking a diversified portfolio with immediate income and significant long-term growth prospects. The existing buildings are currently generating income, providing a solid foundation for future investment. The large acreage provides ample space for future expansion or development, catering to a wide range of commercial ventures. This is a rare opportunity to acquire a substantial commercial property with immediate income and significant upside potential in a prime location. The combination of existing income-producing structures and substantial undeveloped land makes this a truly unique and attractive investment. The property's high traffic location and diverse building types make it an ideal investment for a variety of commercial interests.

    Property Features for Tx-Hwy 359

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,800 SF
    Lot Size
    6,545,761 SF

    Building Details

    Year Built
    2012
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Alice
    County
    Jim Wells
    State
    Texas
    Longitude
    -98.07665
    Latitude
    27.74831

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic, income-producing office & industrial complex.
    Where is this office property / space located?
    The property is located at Tx-Hwy 359 Alice, TX.
    What is the asking price?
    The asking price for this property is $2,100,000.
    (361) 225-7900
    Request Owner's contact information
    Tx-Hwy 359 Alice, TX 78332
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    Alice, TX 78332
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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
    Tx-Hwy 359 Alice, TX 78332
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