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    311 E Franklin St Alvord, TX 76225

    For Sale
    $425,000

    Commercial building with apartments in high-traffic Alvord, Texas location.

    Lot size:
    0.32 Acres

    Property Features for 311 E Franklin St

    General Information

    Lot size
    0.32 Acres

    Building Details

    Year built
    1941

    Source: Tomie Fox Real Estate Group Agent Tomie Fox

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

    Overview

    Versatile Commercial Building in Alvord

    This commercial building is located in Alvord, TX, and offers opportunities for entrepreneurs and business owners. The property was formerly a hair salon, and the layout is adaptable for various business types, such as a salon, boutique, or office space. It is situated in a high-traffic area, ensuring visibility and foot traffic. The property also includes a 2-bed, 1-bath apartment unit with a contemporary kitchen and spacious living area, and a larger 3-bed, 2-bath unit with an updated kitchen. Both units are currently leased out, generating income.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Building Supply Clothing Store Auto Repair Shop Wholesale Shop Hotel & Motel Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvord
    County
    Wise
    State
    Texas
    Longitude
    -97.697798
    Latitude
    33.359487

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial building with apartments in high-traffic Alvord, Texas location.
    Where is this mixed-use property located?
    The property is located at 311 E Franklin St Alvord, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - High-traffic location in Alvord, TX, ensuring maximum visibility.; - Versatile commercial building adaptable for various business types.; - Includes two apartments (2 bed, 1 bath and 3 bed, 2 bath) that are currently leased.
    Request Owner's contact information
    311 E Franklin St Alvord, TX 76225
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    Alvord, TX 76225
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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
    311 E Franklin St Alvord, TX 76225
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