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    104 W Lipan Dr Lipan, TX 76462

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    For Sale
    $180,000

    Value-add commercial building with additional lot in central Lipan.

    Lot size:
    0.19 Acres

    Property Features for 104 W Lipan Dr

    General Information

    Lot size
    0.19 Acres

    Building Details

    Year built
    1945

    Source: Bailey Groves Agent Bailey Groves

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building in Central Lipan

    This commercial property presents a prime investment opportunity in Lipan, featuring city water, sewer, and electric already in place. The property includes a commercial building and an additional lot, offering a strategic investment due to its high visibility, all-weather road access, and central location next to the post office. The flexible floor plan, with multiple entry points and open interior spaces, allows for customization to suit various business types, including office, retail, studio, or professional services. A portion of the lot is currently leased, providing immediate rental income. The tenant-owned portable building located on-site does not convey with the sale, but the lease offers built-in value for the next owner.
    Insight Report Location Intelligence

    Current Use by Public Records

    Eagle Mountain Farm ... Cheese Shop SUGS Bakery

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lipan
    County
    Hood
    State
    Texas
    Longitude
    -98.0461326
    Latitude
    32.5178411

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    FAQs

    What type of property is this?
    Retail space - Value-add commercial building with additional lot in central Lipan.
    Where is this retail space located?
    The property is located at 104 W Lipan Dr Lipan, TX.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - Prime commercial location in the heart of Lipan with high visibility and all-weather road access.; - Value-add investment opportunity with city water, sewer, and electric already in place.; - Flexible floor plan with multiple entry points and open interior spaces suitable for various business types.
    Request Owner's contact information
    104 W Lipan Dr Lipan, TX 76462
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    Lipan, TX 76462
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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
    104 W Lipan Dr Lipan, TX 76462
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