103 East Ave Kermit, TX 79745
This exceptional 3,520-square-foot custom-built office building presents a unique investment opportunity in Kermit, Texas. Situated on a half-acre lot, the property boasts ample paved parking, ensuring convenient access for staff and clients. The building has served as an eye clinic for over four decades, showcasing its durability and suitability for professional use. While some minor remodeling could elevate the space to a high-end finish, the existing structure is well-maintained and ready for immediate occupancy. Its prime location offers excellent accessibility, making it an attractive option for a variety of businesses. A significant advantage is the property's location outside city limits, resulting in the absence of city taxes. However, it's important to note that city water and sewer services are connected, meaning some city ordinances may apply. Prospective buyers are strongly encouraged to verify the intended use with the city to ensure full compliance with all regulations before purchase. This property offers a blend of established infrastructure and tax advantages, making it an ideal choice for discerning investors seeking a well-located, spacious office building in a desirable area. The asking price is $425,000.
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Wally L Phillips Physician
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Phillips Eye Clinic Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.