1950 South Loop Stephenville, TX 76401
- Specialty properties
- 30,800 SF
- 9.68 lot acres
Current Use by Public Records
- Taqueria la Morenita / Mexican Restaurant
- Blue Flamingo Studio / Boutique / Home Goods Store
- 377 Marketplace / Antique Store
Property Details for 1950 South Loop
- Year built
- 1982
- Lot size
- 9.68 lot acres
- Property size
- 30,800 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional 30,800-square-foot commercial property, situated on a generous 9.68-acre lot in Stephenville, Texas, presents a compelling investment opportunity. Currently operating as a thriving flea market, this income-producing asset boasts significant potential for expansion and diversification. Built in 1982, the property features a metal roof and ample parking, including both garage and open spaces. The zoning is industrial, allowing for a wide range of uses. Key features include city water and sewer connections, and a rail spur site at the rear, although currently inactive and requiring rehabilitation. The property also includes several outbuildings, both enclosed and open, offering additional storage or operational space. Benefiting from high visibility due to its US 377 highway frontage, the property offers endless possibilities for future development. The existing flea market setup provides a strong foundation for continued income generation, while the substantial lot size allows for significant expansion. A potential additional entry point off Caporal Avenue further enhances accessibility and flexibility. This property is offered at $2,800,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stephenville
- County
- Erath
- State
- Texas
- Longitude
- -98.2221
- Latitude
- 32.2062
