Multi-Use Commercial Parcel with
For Sale
$2,249,000
700 W Highway 82, Gainesville, TX 76240
COMMERCIAL - Gainesville, TX
Lot Size1.01 Acres
Days on Market13
Property Features for 700 W Highway 82
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
On Street, Parking Lot, Driveway, Oversize
Security features
Security
Subdivision
Montgomery Add
Directions
From I-35 N and Hwy 82 in Gainesville go East on Hwy 82 (by Quick Trip) and the property is on the right at the next red light.
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
Legal Description
MONTGOMERY ADDN; BLOCK 44; APPR. 1.01 ACRES
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
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
Composition, Metal
Listing Agency:
Prime Properties
(940) 668-0504
Listed By:
Natalie Graves · License #0638527
(940) 668-0504
Added: Jul 18
Changed: Jul 29
Last Checked: Jul 30 at 6:06PM
MLS# 20829023
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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.
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
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 76240, TX
28,349
Population
12,412
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
87%
High-School Grad
369.4 sq mi
ZIP Area
77
Density / Sq Mi
$67,056
Median Household Income
$40,167
Median Earnings
$1,105
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
