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    1112 Main St Olney, TX 76374

    For Sale
    $295,000

    Versatile 800 sq ft lot, great location!

    Property size:
    800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 0.64-acre commercial property located at 1112 W Main, Olney, TX, presents a unique investment opportunity. The property boasts a substantial 800 square foot building, ideal for a variety of business ventures. Adding to its versatility is a large workshop, perfect for storage, manufacturing, or repair services. Two portable offices provide immediate workspace solutions, eliminating the need for costly initial build-outs. A convenient carport offers covered parking and protection from the elements. The entire property is fully fenced, ensuring security and privacy. Its prime location in Olney, TX, offers excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. The asking price of $295,000 reflects the significant value and potential this property offers. Additional photos will be available soon. This is a rare chance to acquire a well-equipped and strategically located commercial property ready for immediate occupancy and customization to suit your specific business needs. Don't miss this opportunity to establish your business in a thriving community.

    Property Features for 1112 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    800 SF
    Lot Size
    27,878 SF

    Building Details

    Year Built
    1980
    Insight Report Location Intelligence

    Current Use by Public Records

    Mark's Motors Car Dealer

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Young
    State
    Texas
    Longitude
    -98.76744
    Latitude
    33.37121

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 800 sq ft lot, great location!
    Where is this commercial real estate located?
    The property is located at 1112 Main St Olney, TX.
    What is the asking price?
    The asking price for this property is $295,000.
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    1112 Main St Olney, TX 76374
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    Olney, TX 76374
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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
    1112 Main St Olney, TX 76374
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