Historic Mixed-Use
For Sale
$349,000
114 N Avenue D, Clifton, TX 76634
Versatile downtown property combines open retail space, living quarters, and a separate upstairs apartment.
Property Size2,535 SF
Price / SF$137.67
Days on Market79
Property Features for 114 N Avenue D
General Information
Standard status
Active
Size
2,535 SF
Total Parking Spaces
1
Amenities
private garden and patio area
full bath and laundry
full kitchen
clawfoot tub and shower
tall ceilings with vintage woodwork
Building Details
Year Built
1909
Buildings
1
Stories
2
Listing Agency:
COBB RANCH PROPERTIES, LLC
Listed By:
Tai Cobb Klam · License #0594871
(254) 253-0157
Source:
Minteerteam
Added: Jul 28
Changed: Oct 7
Last Checked: Oct 7 at 4:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COBB RANCH PROPERTIES, LLC
Investment Insights
Based on property information with market context.
Built in 1909, this 2,535-square-foot mixed-use property combines commercial space with residential accommodations. The main floor provides 1,000 square feet of open retail area plus 500 square feet of living space with a full bathroom and laundry. A private garden and patio extend the usable area, while rear-alley parking includes one owner’s space.
An upstairs apartment has a separate entrance and includes an open living area, a large bedroom, tall ceilings, vintage wood detailing, a full kitchen, and a bathroom with a clawfoot tub and shower. The property is located at 114 N Avenue D in downtown Clifton, 36 miles northwest of Waco. Clifton is identified in the source information as the Norwegian Capital of Texas and one of 48 designated Texas Cultural Districts, with the Bosque Arts Center, Art Alley murals, the Cliftex Theatre, and more than 25 restaurants, coffee shops, cocktail spots, boutiques, and specialty retailers in the downtown area.
An upstairs apartment has a separate entrance and includes an open living area, a large bedroom, tall ceilings, vintage wood detailing, a full kitchen, and a bathroom with a clawfoot tub and shower. The property is located at 114 N Avenue D in downtown Clifton, 36 miles northwest of Waco. Clifton is identified in the source information as the Norwegian Capital of Texas and one of 48 designated Texas Cultural Districts, with the Bosque Arts Center, Art Alley murals, the Cliftex Theatre, and more than 25 restaurants, coffee shops, cocktail spots, boutiques, and specialty retailers in the downtown area.
Key Highlights
- 2,535‑square‑foot mixed‑use building completed in 1909
- Main level includes 1,000 sq. ft. of open retail space
- Additional 500 sq. ft. of living quarters with full bath and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,540
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,800
$590.8K
Cap Rate 7%
$422,000
$422.0K
Cap Rate 9%
$328,222
$328.2K
Market Conditions
NOI Build-Up for 2,535 SF
Gross rent
$47.2K $18.60/SF
− Vacancy
−$5.0K −$1.95/SF
EGI
$42.2K $16.65/SF
− OpEx
−$12.7K −$4.99/SF
NOI
$29.5K $11.65/SF
Area
Bosque County, TX
Vacancy
10.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,800
Cap Rate 7%
$422,000
Cap Rate 9%
$328,222
Alternative Uses
Best Use
Mixed Use
$463.4K
$405.5K – $540.7K
NOI $32,440 @ 7.0% cap · market cap 9.30%
Second Best
Retail
$422.0K
$369.3K – $492.3K
NOI $29,540 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$668.8K
$585.2K – $780.3K
NOI $46,816 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 76634, TX
7,313
Population
3,660
Households
2
Avg Household Size
52
Median Age
29%
College-Educated
87%
High-School Grad
284.0 sq mi
ZIP Area
26
Density / Sq Mi
$72,654
Median Household Income
$41,075
Median Earnings
$920
Median Rent
$190,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile downtown property combines open retail space, living quarters, and a separate upstairs apartment.
Where is this mixed-use property located?
The property is located at 114 N Avenue D Clifton, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,535‑square‑foot mixed‑use building completed in 1909; Main level includes 1,000 sq. ft. of open retail space; Additional 500 sq. ft. of living quarters with full bath and laundry
