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Multi-Use Commercial Parcel with Billboard

700 W Highway 82 Gainesville, TX 76240

700 W Highway 82, Gainesville, TX, 76240
$2,249,000
For Sale
$2,249,000

COMMERCIAL - Gainesville, TX

Lot Size1.01 Acres
Days on Market171

Property Features for 700 W Highway 82

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Oversize, Driveway, Parking Lot, On Street
Security features
Security
Standard status
Active
APN
13077, 791, 5758
Lot size
1.01 Acres

Taxes and HOA fees

Tax Description
MONTGOMERY ADDN; BLOCK 44; APPR. 1.01 ACRES

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public

Building Details

Year built
1987
Floors in Building
1
Number of units
5
Flooring type
Wood, Vinyl, Combination
Roof type
Metal, Composition
Listing Agency Prime Properties
Gainesville, TX
Listed by Natalie Graves · License #0638527
Added: Jan 28 Checked: Jul 18 at 3:06 am
MLS# 20829023

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This multi-use commercial parcel spans about 1.01 acres and includes a laundromat, leased residential houses, a vacant lot, an office building, and a large 30-foot advertising billboard on the corner of Hwy 82 and Culberson Street. The laundromat is owner occupied and operated and has been in business for over 35 years. The owner currently utilizes only half of the laundromat building, leaving additional space that could be leased for another business.

The property has road frontage on four sides, including Hwy 82, Culberson Street, Yates, and Mill Street, providing multiple points of access from main roads and intersections.

A large vacant lot on the southwest end of the property is available for development. Overall, the parcel is set up as a combined income and development package based on its existing leased components and available land.

Key Highlights

  • 1‑acre multi‑use commercial property on Hwy 82 in Gainesville with road frontage on 4 sides (Hwy 82, Culberson St, Yates, and Mill St).
  • Includes an owner‑occupied laundromat in business for over 35 years, with the owner currently utilizing half the building.
  • Additional income sources include 3 leased houses and an office building, plus a vacant lot on the southwest end of the property.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Dental Office Spa & Massage Center Hair Salon Kitchen & Bath Showroom Law Firm Gym & Fitness Center Nail Salon Garden Center Skin Care Clinic Locksmith

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

FAQs

What type of property is this?
Retail space - Multi-use property with road frontage on four sides, a long-running laundromat, leased houses, office space, and a 30-foot billboard.
Where is this retail space located?
The property is located at 700 W Highway 82 Gainesville, TX.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: 1‑acre multi‑use commercial property on Hwy 82 in Gainesville with road frontage on 4 sides (Hwy 82, Culberson St, Yates, and Mill St).; Includes an owner‑occupied laundromat in business for over 35 years, with the owner currently utilizing half the building.; Additional income sources include 3 leased houses and an office building, plus a vacant lot on the southwest end of the property.
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More about this property
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