Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    508 N Center Ave, Unit B Brownwood, TX 76801

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $995,000

    Destination retail property near Downtown Brownwood with multiple tenants.

    Lot size:
    0.33 Acres

    Property Features for 508 N Center Ave

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    9999

    Source: Coldwell Banker - Mark Campbell & Assc Agent Zane Martin

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

    Overview

    Established Market Place in Brownwood

    Shaw's Market Place is located on the edge of Downtown Brownwood, just off Main Street, which had a daily traffic count exceeding 12,000 cars in 2023. The property hosts multiple tenants who pay rent and a percentage of their gross sales. The property includes an updated outdoor space featuring a turf field, landscaping, and outdoor furniture. This space could be used as an event venue.
    Insight Report Location Intelligence

    Current Use by Public Records

    Blazer Apparel Clothing Store Center Avenue Coffee Coffee Shop Earth & Noble Boutique Shaw's Marketplace Market Adventure MULE Store

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Similar Places Nearby

    Coin Cloud Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -98.980432
    Latitude
    31.724181

    Nearby Similar for Sale

    • $875,000
      2,295 SF

      Brownwood Farm and Ranch Property

      Acreage with well-maintained home, shop, and equestrian facilities.
      5280 Fm 2632 N, Brownwood, TX 76801
      View Details
    • $2,975,000
      1.83 Acres

      Income-Producing Depot Station Complex

      Turnkey complex with hospitality, retail, and rental income streams.
      1001 A Vine, Brownwood, TX 76801
      View Details
    • $629,000
      74.79 Acres

      Turn-Key Ranch Retreat

      74.79 acre ranch with cabin-style home in Brown County.
      12750 Crk 129, Brownwood, TX 76801
      View Details
    • $367,000
      1,900 SF

      Secluded Brownwood Farmhouse on Acreage

      Charming 3-bedroom home on 12 acres with ponds.
      11950 County Road 105, Brownwood, TX 76801
      View Details
    • $404,224
      63.16 Acres

      63 Acres of Texas Land

      Prime Texas land near Brownwood with diverse trees and water.
      T.b.d. Crk 119, Brownwood, TX 76801
      View Details
    • $1,300,000
      1.17 Acres

      Brownwood Depot Station Investment Complex

      Multi-income property near downtown and event venue in Brownwood, TX.
      708 Avenue A, Brownwood, TX 76801
      View Details

    FAQs

    What type of property is this?
    Shopping center - Destination retail property near Downtown Brownwood with multiple tenants.
    Where is this shopping center located?
    The property is located at 508 N Center Ave, Unit B Brownwood, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Established business in a prime location: Gateway to historic Downtown Brownwood.; - High traffic location: Situated just off Main St. with over 12,000 cars daily.; - Diversified income stream: Multiple tenants paying rent and a percentage of gross sales.
    Request Owner's contact information
    508 N Center Ave, Unit B Brownwood, TX 76801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    508 N Center Ave, Unit B
    Brownwood, TX 76801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    508 N Center Ave, Unit B Brownwood, TX 76801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.