407 Lamesa Hwy Stanton, TX 79782
Sponsored
Grocery store & office space, high cap rate.
Property size:
2,232 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 407 Lamesa Hwy
General Information
- Property type
- Individual retail properties
- Square Feet
- 2,232 SF
- Lot Size
- 6,142 SF
Building Details
- Year Built
- 1983
- Stories
- 1
- Units
- 3
HighLights
- 2,232 SF multi‑tenant retail/office building on a 0.141‑acre lot in Stanton, TX.
- 10% capitalization rate, 75% occupancy (two of three units leased, three‑year lease term remaining).
- Gross lease structure, individual unit meters, HVAC, and restrooms. Exterior storage unit available.
- Recent renovations, zoned for multiple uses. Asking price: $275,000 ($123.21/SF). Annual property taxes: $760.50.
- Ceiling height: under 20 feet. Parking: See remarks.
Property Profile
Location Intelligence
Current Use by Public Records
Blazing smoke shop
Smoke Shop
Christon Cabinet Shop
Cabinet Maker
Map
- City
- Stanton
- County
- Midland
- State
- Texas
- Longitude
- -101.8046844
- Latitude
- 32.1374902
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Grocery store & office space, high cap rate.
Where is this individual retail property located?
The property is located at 407 Lamesa Hwy Stanton, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,232 SF multi-tenant retail/office building on a 0.141-acre lot in Stanton, TX.; 10% capitalization rate, 75% occupancy (two of three units leased, three-year lease term remaining).; Gross lease structure, individual unit meters, HVAC, and restrooms. Exterior storage unit available.
