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Remodeled Downtown Office-Retail Building
For Sale
$140,000

108 E Lipan Drive, Lipan, TX 76462

Remodeled in 2025, this downtown building includes a front lobby, private offices, shared restroom, and ample storage.

Property Size2,880 SF
Price / SF$48.61
Days on Market24

Property Features for 108 E Lipan Drive

General Information

Standard status Active
Size 2,880 SF
Property subtype Business

Additional Details

Office Units 4

Building Details

Year Built 1940
Year Renovated 2025
Listing Agency: Clark Real Estate Group
Listed By: Rene Jensen · License #0720823
Source: Lonestarluxuryrealty
Added: Jul 20 Changed: Aug 11 Last Checked: Aug 12 at 6:41AM

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 Clark Real Estate Group

Investment Insights

Based on property information with market context.

This distinctive commercial building was originally constructed in 1940 and remodeled in 2025. The interior features a welcoming front lobby leading to a central hallway. Off the hallway are four private offices, along with a shared restroom and generous storage space. The layout is designed to support multiple commercial formats, including professional offices and retail or boutique-style services.

The property is located in the heart of downtown Lipan. A portion of the building’s history includes use as a local movie theater, telephone company, and later a funeral home chapel, reflecting its flexible commercial configuration over time.

The current floor plan provides a clear reception-to-office flow, with shared support space and practical storage, making it a straightforward option for businesses seeking a mix of client-facing and back-office space.

Key Highlights

  • Commercial building built in 1940 in the heart of downtown Lipan
  • Remodeled in 2025
  • Front lobby/reception area for clients and customers

Property Analytics

Current Use

Wiley Funeral Home Social Service Agency

Suggested Use

Top Pick Building Supply HVAC Service Auto Repair Shop (Bike/Boat/Book/etc) Store Garden Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Office units

Location Intelligence

Trade Area within ½ mile

67
Businesses Nearby

Demographics for 76462, TX

3,820
Population
1,604
Households
2.4
Avg Household Size
42
Median Age
37%
College-Educated
91%
High-School Grad
173.0 sq mi
ZIP Area
22
Density / Sq Mi
$95,398
Median Household Income
$53,792
Median Earnings
$1,344
Median Rent
$302,400
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Remodeled in 2025, this downtown building includes a front lobby, private offices, shared restroom, and ample storage.
Where is this office units located?
The property is located at 108 E Lipan Drive Lipan, TX.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Commercial building built in 1940 in the heart of downtown Lipan; Remodeled in 2025; Front lobby/reception area for clients and customers
More about this property
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