Historic Retail
New
For Sale
$1,250,000
119 W French Avenue, Temple, TX 76501
CommercialSale, Temple, TX
Property Size7,289 SF
Lot Size0.19 Acres
Price / SF$171.49
Days on Market6
Property Features for 119 W French Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage
Subdivision
L R Taylor Add
Lot features
Corner Lot, City Lot, Less Than Quarter Acre
Directions
From IH-35, take Exit 301 toward Central Avenue. Head east on W. Central Avenue toward downtown Temple. Turn left onto N. 3rd Street, then right onto W. French Avenue. The property will be on your left at 119 W. French Avenue.
Standard status
Active
APN
9418
Size
7,289 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
L R TAYLOR ADDITION, BLOCK 005, LOT PT 4, (N 1/2 OF 4), PETITE SALON & VIDEO STORE
Tax Annual Amount
3314
Legal Description
L R TAYLOR ADDITION, BLOCK 005, LOT PT 4, (N 1/2 OF 4), PETITE SALON & VIDEO STORE
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
parking lot
Building Details
Year built
1931
Floors in Building
1
Flooring type
Paintedstained, Carpet, Concrete
Building materials
BrickVeneer
Listing Agency:
Fowler Legacy Group
(254) 314-2166
Listed By:
Brook Fowler · License #0643612
(254) 913-0803
Added: Oct 28
Changed: Nov 2
Last Checked: Nov 2 at 9:06PM
MLS# 627615
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 7,289-square-foot storefront was built in 1931 and has brick veneer construction. Interior flooring includes painted or stained surfaces, carpet, and concrete. The property has central electric heating and air conditioning, a garage, public water, and public sewer. A new roof and parking lot are among the recent improvements.
The property sits near downtown Temple on a 0.1894-acre lot. Its prior use as a museum and genealogy center is part of the building’s documented history.
The property sits near downtown Temple on a 0.1894-acre lot. Its prior use as a museum and genealogy center is part of the building’s documented history.
Key Highlights
- 7,289‑square‑foot storefront on 0.1894 acres
- Built in 1931 with brick veneer construction
- Recent roof replacement and new parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,731
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,974,620
$2.0M
Cap Rate 7%
$1,410,443
$1.4M
Cap Rate 9%
$1,097,011
$1.1M
Market Conditions
NOI Build-Up for 7,289 SF
Gross rent
$149.6K $20.52/SF
− Vacancy
−$8.5K −$1.17/SF
EGI
$141.0K $19.35/SF
− OpEx
−$42.3K −$5.81/SF
NOI
$98.7K $13.55/SF
Area
Bell County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,974,620
Cap Rate 7%
$1,410,443
Cap Rate 9%
$1,097,011
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.65M
NOI $98,731 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$81.37M
$71.20M – $94.93M
NOI $5,696,004 @ 7.0% cap · market cap 455.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76501, TX
16,987
Population
7,298
Households
2.3
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
118.2 sq mi
ZIP Area
144
Density / Sq Mi
$50,764
Median Household Income
$35,856
Median Earnings
$879
Median Rent
$151,000
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - A renovated roof and newly installed parking lot complement the building’s original brick veneer and interior finishes.
Where is this storefront property located?
The property is located at 119 W French Avenue Temple, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,289‑square‑foot storefront on 0.1894 acres; Built in 1931 with brick veneer construction; Recent roof replacement and new parking lot
