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    114 Elm St Hillsboro, TX 76645

    For Sale
    $395,000

    17,000 SF, Prime Location, High Visibility

    Property size:
    17,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 17,000-square-foot office/retail building in Hillsboro, Texas, presents a unique investment opportunity. Located at 114 & 116 E Elm St, this two-story, 1889-built property underwent renovations in 2018 and sits on a zero-lot line in the Central Business District. The building currently houses a thriving dry cleaning business (Johnson Cleaners & Laundry) at 116 E Elm St, available for acquisition, and 3,300 square feet are leased to Patillo, Brown, & Hill LLP at 114 E Elm St. A convenient cargo elevator enhances logistical efficiency. Upstairs, a one-bedroom apartment offers additional versatility and potential rental income. The property's prime location on bustling Elm Street ensures high visibility and foot traffic, making it ideal for a variety of businesses. With a total asking price of $395,000 ($23.24/sq ft), this mixed-use property offers a compelling combination of established tenants, a turnkey business opportunity, and significant upside potential. The property is zoned for Central Business District use within the City of Hillsboro. This is a rare chance to acquire a well-maintained, high-traffic commercial property in the heart of downtown Hillsboro.

    Property Features for 114 Elm St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    17,000 SF

    Building Details

    Year Built/Renovated
    1889/2018
    Buildings
    1
    Stories
    2

    HighLights

    • 114 E Elm St: 3,300 SF leased to Patillo, Brown, & Hill LLP.
    • 116 E Elm St: Johnson Cleaners & Laundry; business available for acquisition.
    • Dry cleaning business available for purchase.
    • Second‑floor one‑bedroom apartment.
    • Zero‑lot‑line property.
    • High‑visibility location on Elm Street in downtown Hillsboro.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Hill
    State
    Texas
    Longitude
    -97.129175
    Latitude
    32.010311

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    FAQs

    What type of property is this?
    Office Property / Space - 17,000 SF, Prime Location, High Visibility
    Where is this office property / space located?
    The property is located at 114 Elm St Hillsboro, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 114 E Elm St: 3,300 SF leased to Patillo, Brown, & Hill LLP.; 116 E Elm St: Johnson Cleaners & Laundry; business available for acquisition.; Dry cleaning business available for purchase.
    Request Owner's contact information
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    Hillsboro, TX 76645
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    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
    114 Elm St Hillsboro, TX 76645
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