407 Lamesa Hwy N, Stanton, TX 79782
- Commercial real estate
- 2,480 SF
- 0.14 lot acres
Current Use by Public Records
- Blazing smoke shop / (Bike/Boat/Book/etc) Store
- Christon Cabinet Shop / General Contractor / Renovation Specialist
Property Details for 407 Lamesa Hwy N
- Year built
- 1990
- Lot size
- 0.14 lot acres
- Property type
- Commercial real estate
- APN
- 10547
- APU
- 10547
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 11, 2025 | — | Dbw Investments LLC | — | Deed · related | $204k · City Bank |
| Apr 27, 2022 | — | Dbw Investments LLC | — | Deed · related | $8k · First National Bank Of Stanton |
| Apr 22, 2022 | — | Dbw Investments LLC | — | Deed · related | $18k · First National Bank Of Stanton |
| Mar 8, 2022 | — | Dbw Investments LLC | — | Deed · related | $18k · First National Bank Of Stanton |
Description
This exceptional Stanton, Texas investment property, located at 407 Lamesa Hwy N, presents a compelling opportunity. The 2,232 square foot building, constructed in 1983, sits on a 0.141-acre lot and boasts a strong 10% capitalization rate. Currently configured as a multi-tenant retail and office space, with three individual units, two are already leased, resulting in a 75% occupancy rate. The gross lease structure simplifies management. Each unit features its own electric meter, HVAC system, and restrooms. A vacant exterior storage unit is available for tenant use. The property benefits from recent renovations and is zoned for other uses (see remarks). The asking price is $275,000, translating to $123.21 per square foot and a land value of approximately $1,950,354.61 per acre. The remaining lease term on the occupied units is three years. Annual property taxes are $760.50. Parking details are available upon request. Ceiling height is less than 20 feet. This property offers significant potential for income growth and value appreciation. Buyers are responsible for verifying taxes, insurance, and zoning information. Directions: From I-20BL W, turn right onto N Lamesa Rd
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Stanton
- County
- Martin
- State
- Texas
- Longitude
- -101.803
- Latitude
- 32.1278
- CBSA code
- 33260
- CBSA name
- MIDLAND, TX METROPOLITAN STATISTICAL AREA
