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    102 Ellis St Groesbeck, TX 76642

    For Sale
    $240,000

    Prime Retail/Office Space, 3 Units

    Property size:
    3,962 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional freestanding commercial building, located at 102 N Ellis St in Groesbeck, Texas, presents a lucrative investment opportunity. The 3,962 to 4,403 square foot building, constructed in 1986, sits on a 0.115-acre lot and is zoned Fi Commercial (APN: R7507). Currently, the property houses a Subway restaurant and two vacant office suites. Each office space offers multiple offices, conference rooms, and bathrooms, providing ample flexibility for a variety of businesses. The building's prime corner location on Highway 14 ensures high visibility and accessibility, placing it near other commercial establishments and within walking distance of the Limestone County Courthouse. This versatile property is ideal for a range of uses, including insurance agencies, real estate offices, private practices, salons, or retail stores. The building's single-story design and three separate units offer potential for multiple tenants, generating diverse income streams. This is a rare opportunity to acquire a well-located, established commercial property in a thriving Texas community. The asking price is $240,000. The property's zip code is 76642.

    Property Features for 102 Ellis St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,962 SF
    Lot Size
    5,009 SF

    Building Details

    Year Built
    1986
    Stories
    1
    Units
    3

    HighLights

    • Asking price: $240,000
    • Retail and office property with three units.
    • 3,962 - 4,403 square feet, single‑story building built in 1986.
    • Located on a 0.115‑acre lot at 102 N Ellis St, Groesbeck, TX 76642 (APN: R7507).
    • Currently occupied by Subway restaurant; two vacant office suites available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Groesbeck
    County
    Limestone
    State
    Texas
    Longitude
    -96.5343528
    Latitude
    31.5238776

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    FAQs

    What type of property is this?
    Office Property Space - Prime Retail/Office Space, 3 Units
    Where is this office property space located?
    The property is located at 102 Ellis St Groesbeck, TX.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Asking price: $240,000; Retail and office property with three units.; 3,962 - 4,403 square feet, single-story building built in 1986.
    Request Owner's contact information
    102 Ellis St Groesbeck, TX 76642
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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
    102 Ellis St Groesbeck, TX 76642
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