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    114-116 5Th St Alpine, TX 79830

    For Sale
    $406,000

    Two renovated spaces, prime location.

    Property size:
    4,185 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located in the heart of historic downtown Alpine, Texas, presents a unique investment opportunity. The property encompasses two distinct commercial spaces, totaling 4,185 square feet, situated on a 0.13-acre lot. Both spaces underwent renovations around 2017, resulting in modern and functional layouts. The larger space, at 116 N. 5th, boasts 2,961 square feet and features two spacious dining areas, two bathrooms, and two fully equipped kitchen workspaces. Its versatile design makes it ideal for a variety of uses, including restaurants, retail establishments, or event venues. The second space, located at 114 N. 5th, comprises 1,224 square feet and is currently configured as a vacation rental property (VRBO). This space includes two living areas, three bedrooms, and one and a half bathrooms. Its previous use as a retail boutique demonstrates its adaptability, offering the potential for a combined retail and residential setup or separate commercial ventures. The property's prime downtown location ensures high visibility and accessibility, making it an attractive proposition for discerning investors seeking a versatile and well-maintained commercial property in a thriving Texas town. The asking price is $406,000.

    Property Features for 114-116 5Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,185 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpine
    County
    Brewster
    State
    Texas
    Longitude
    -103.6615
    Latitude
    30.35832

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    FAQs

    What type of property is this?
    Commercial real estate - Two renovated spaces, prime location.
    Where is this commercial real estate located?
    The property is located at 114-116 5Th St Alpine, TX.
    What is the asking price?
    The asking price for this property is $406,000.
    (432) 837-5518
    Request Owner's contact information
    114-116 5Th St Alpine, TX 79830
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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
    114-116 5Th St Alpine, TX 79830
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