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    117 Martin Luther Blvd Alice, TX 78332

    For Sale
    $495,000

    26,000+ sq ft, 2.58 acres, high traffic

    Property size:
    26,084 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional industrial property, formerly home to Alamo Lumber Company, presents a turnkey opportunity for a thriving business. Located in the heart of Alice, Texas, this 26,084 square foot facility sits on a 2.58-acre lot, offering ample space and visibility. Benefitting from prime frontage on State Highway 44, Martin Luther King Road, and Monterrey Street, the property enjoys high traffic counts and excellent street access. The site itself is entirely concrete and fully fenced, encompassing 2.239 acres. The building boasts over 26,000 square feet of climate-controlled workspace, including three offices, a spacious employee breakroom/meeting area, two bathrooms, and extensive storage. The property features upgraded electrical systems and air conditioning, ensuring efficient and comfortable operation. This is a truly remarkable opportunity to acquire a well-maintained, strategically located industrial space ready for immediate occupancy. The combination of size, location, and existing infrastructure makes this an ideal investment for a variety of businesses seeking a strong foothold in Alice, Texas.

    Property Features for 117 Martin Luther Blvd

    General Information

    Property type
    Industrial properties
    Square Feet
    26,084 SF
    Lot Size
    112,385 SF

    Building Details

    Year Built
    1983
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Alice
    County
    Jim Wells
    State
    Texas
    Longitude
    -98.07808
    Latitude
    27.74706

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    FAQs

    What type of property is this?
    Industrial property - 26,000+ sq ft, 2.58 acres, high traffic
    Where is this industrial property located?
    The property is located at 117 Martin Luther Blvd Alice, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    (361) 777-7653
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    117 Martin Luther Blvd 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
    117 Martin Luther Blvd Alice, TX 78332
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