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Property profile

Texas Ave Mart, TX 76664

OFF-MARKET
Commercial real estate
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0.14 ac lot Built 1905

Property summary

AI-generated overview

This exceptional commercial property in Mart, Texas, presents a unique investment opportunity. Located on a prominent corner lot at the intersection of Tx-164 and E Texas Avenue, this two-story building boasts a total of 12,428 square feet. Currently housing an established liquor store occupying 3,047 square feet, the property offers significant upside potential with an additional 9,382 square feet of unfinished space. This expansive area is adaptable to a variety of uses, including retail or residential development, allowing for substantial income generation or expansion of the existing business. The building's historical character adds to its charm and appeal, while its convenient location just minutes from Waco ensures high visibility and accessibility. The 0.14-acre lot provides ample space for parking and potential future development. This is a rare chance to acquire a well-established business with significant expansion possibilities in a thriving area. The property's versatility makes it ideal for investors seeking a strong return on investment or entrepreneurs looking to establish a multi-faceted business. The existing liquor store provides immediate cash flow, while the substantial unfinished space offers limitless possibilities for growth and customization. Don't miss this chance to own a piece of Mart's vibrant commercial landscape. The asking price is $999,000.

Property profile

Verified
Property type Commercial real estate
Year built 1905
Lot 0.14 ac (6,098 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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