142 Avenue D Clifton, TX 76634
This exceptional 10,120 square foot multi-use property presents a unique investment or owner-user opportunity in the heart of Clifton, Texas. Situated on a 0.23-acre lot at 142 N Avenue D, this building serves as a prominent anchor in the downtown area. The main retail space, approximately 7,000 square feet, boasts beautifully refurbished original hardwood floors, large display windows showcasing excellent street visibility, and charming ornate detailing. Exposed original walls add to the building's historical character and appeal. Its versatile layout is ideal for a variety of businesses, including boutiques, art galleries, cafes, professional offices, or even event spaces. Adding to the investment potential are two separate residential apartments, each approximately 1,500 square feet, offering private entrances and generating significant rental income. Unit 1 features two downstairs bedrooms and two full bathrooms, along with an original loft. Unit 2 includes one bedroom with a walk-in closet and two full bathrooms downstairs, plus a spacious loft with two large walk-in closets. Currently, these apartments command monthly rents of $1,200 and $1,295 respectively. This property offers a rare chance to acquire a substantial, historically significant building in a thriving Texas town, combining strong rental income with the potential for a thriving business venture. The asking price is $750,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.