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    305 Eighth St Hico, TX 76457

    For Sale
    $199,000

    Prime 1.03-acre lot, metal & wood storage.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 1.03-acre commercial property located at 305 Eighth Street in Hico, Texas, presents a unique investment opportunity. The land is ideally suited for a diverse range of business ventures, offering ample space for development and immediate utility. The property includes existing structures, enhancing its practicality and potential return on investment. Specifically, there is a metal storage barn and a separate wooden storage building, providing immediate storage solutions. Essential utilities are already in place, with readily available electricity and water connections. This eliminates significant upfront costs and allows for a quicker start to operations. The location in Hico, Texas, offers access to a growing community and potential customer base. The property's versatility makes it suitable for various commercial uses, from light industrial to retail, or even as a base for a service-oriented business. The existing storage structures could be repurposed or expanded upon, depending on the chosen business model. This is a rare opportunity to acquire a well-situated, ready-to-use commercial property in a desirable Texas town. The combination of land size, existing structures, and utility access makes this an attractive proposition for entrepreneurs and investors alike. Serious inquiries are encouraged to explore the full potential of this exceptional property. The asking price is $199,000.

    Property Features for 305 Eighth St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    44,867 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hico
    County
    Hamilton
    State
    Texas
    Longitude
    -98.02508
    Latitude
    31.99121

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.03-acre lot, metal & wood storage.
    Where is this commercial real estate located?
    The property is located at 305 Eighth St Hico, TX.
    What is the asking price?
    The asking price for this property is $199,000.
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    305 Eighth St Hico, TX 76457
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    Hico, TX 76457
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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
    305 Eighth St Hico, TX 76457
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