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    3011 Washington St Stephenville, TX 76401

    Sponsored
    For Sale
    $2,495,000

    High-traffic location, drive-thru, 2,896 sq ft

    Property size:
    2,896 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 2,896 square foot retail property, situated on a 0.76-acre lot at 3011 W Washington Street in Stephenville, TX, presents a rare opportunity. Boasting a highly desirable location directly across from Sonic and adjacent to Triple Crown Ford, this property benefits from exceptional visibility and accessibility on US Hwy 377, a rapidly developing area of Stephenville. The building features a convenient drive-thru window and a well-maintained concrete parking lot. The city of Stephenville is experiencing significant growth, particularly along US Hwy 377 and on the west side of town, making this an ideal investment for businesses seeking high traffic exposure. The construction of a new apartment complex directly across the street further enhances the property's potential. This prime location offers unparalleled potential for success, with limited comparable properties available with US Hwy 377 frontage. The asking price is $2,495,000. Don't miss this chance to secure a thriving retail space in a booming market.

    Property Features for 3011 Washington St

    General Information

    Property type
    Retail properties
    Square Feet
    2,896 SF
    Lot Size
    33,106 SF

    Building Details

    Year Built
    2017
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.24743
    Latitude
    32.20156

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, drive-thru, 2,896 sq ft
    Where is this retail property located?
    The property is located at 3011 Washington St Stephenville, TX.
    What is the asking price?
    The asking price for this property is $2,495,000.
    Request Owner's contact information
    3011 Washington St Stephenville, TX 76401
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    Stephenville, TX 76401
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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
    3011 Washington St Stephenville, TX 76401
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