305 Eighth St Hico, TX 76457
This exceptional 1.03-acre commercial property located at 305 Eighth Street in Hico, Texas, presents a unique investment opportunity. The land is ideally suited for a diverse range of business ventures, offering ample space for development and immediate utility. The property includes existing structures, enhancing its practicality and potential return on investment. Specifically, there is a metal storage barn and a separate wooden storage building, providing immediate storage solutions. Essential utilities are already in place, with readily available electricity and water connections. This eliminates significant upfront costs and allows for a quicker start to operations. The location in Hico, Texas, offers access to a growing community and potential customer base. The property's versatility makes it suitable for various commercial uses, from light industrial to retail, or even as a base for a service-oriented business. The existing storage structures could be repurposed or expanded upon, depending on the chosen business model. This is a rare opportunity to acquire a well-situated, ready-to-use commercial property in a desirable Texas town. The combination of land size, existing structures, and utility access makes this an attractive proposition for entrepreneurs and investors alike. Serious inquiries are encouraged to explore the full potential of this exceptional property. The asking price is $199,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.