0 Phillips Rd Borger, TX 79007
This 2,800 sq ft. single-story industrial building in Borger, Texas, sits on 0.87 acres of land with paved parking and a 40-foot pylon sign. Located near the Phillips 66 Refinery, this Class B property offers high visibility from Highways 119 and 246, boasting a daily traffic count of 7,560 vehicles. Zoned for light industrial use, the building currently functions as a stand-alone brick facility, ideal for conversion into a truck repair shop or similar business. The property features a drive-thru, ample parking, and excellent highway access. Its proximity to the refinery, with its 1,500 employees plus seasonal contractors, provides a strong potential customer base. The Hutchinson County location offers easy ingress and egress, and the property's 130-foot frontage ensures high visibility. The Borger Economic Development Corporation offers a $120,000 grant for commercial property renovations, with a 50/50 split. The asking price is $249,900. This owner-user investment opportunity presents a unique chance to establish a business in a high-traffic area with significant potential for growth. The property's existing features, including the drive-thru and pylon sign, offer immediate advantages for a new owner. The ample parking and land provide room for expansion. This is a rare opportunity to acquire a well-located industrial property in a thriving Texas community.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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