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    101-105 Center St Lorena, TX 76655

    For Sale
    $949,000

    Historic building, 8,094 sq ft, high growth area.

    Property size:
    8,094 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 8,094 square foot commercial property located at 101-105 E Center Street in the heart of historic downtown Lorena, Texas presents a unique investment opportunity. Situated on a 0.32-acre lot, this building boasts a rich history, having successfully operated a local business for over 60 years. The property comprises five distinct spaces, offering flexibility for a variety of retail and business uses. Its prime location provides easy access to and from Interstate 35, ensuring excellent visibility and convenient access for customers and employees. Lorena is experiencing significant growth, creating a strong demand for commercial space. This presents a compelling chance to capitalize on the town's upward trajectory and establish a thriving business within a vibrant community. The substantial square footage allows for diverse configurations, catering to multiple tenants or a single large-scale operation. The building's established presence and proven track record provide a solid foundation for future success. This is an exceptional opportunity to acquire a significant commercial property in a rapidly developing Texas town. The property's size, location, and history make it an ideal investment for entrepreneurs and developers seeking a foothold in a growing market. Don't miss this chance to own a piece of Lorena's history and future.

    Property Features for 101-105 Center St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,094 SF
    Lot Size
    13,939 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lorena
    County
    McLennan
    State
    Texas
    Longitude
    -97.21664
    Latitude
    31.38603

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office Property / Space - Historic building, 8,094 sq ft, high growth area.
    Where is this office property / space located?
    The property is located at 101-105 Center St Lorena, TX.
    What is the asking price?
    The asking price for this property is $949,000.
    (254) 218-4220
    Request Owner's contact information
    101-105 Center St Lorena, TX 76655
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    Lorena, TX 76655
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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
    101-105 Center St Lorena, TX 76655
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