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Property profile & analytics
OFF-MARKET
Commercial real estate

701 And Gatesville, TX 76528

0.06 ac lot Built 1933
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents three income-generating office buildings situated on the historic downtown Gatesville square. Two buildings boast established, fully-leased tenants, providing immediate and consistent cash flow. The third building is vacant, offering flexibility for a new business or expansion of an existing operation. Recent renovations have significantly enhanced the properties, including fresh paint, new flooring, updated HVAC systems, and roof repairs. Each building is conveniently self-contained with its own private bathroom. One building is further distinguished by a historical marker, adding to its unique character and potential appeal. The recent construction of a new courthouse annex promises increased foot traffic and economic activity in the area, making this a prime location for business growth. The 0.06-acre lot provides ample space for the three buildings. This is a rare chance to acquire a portfolio of well-maintained, income-producing properties in a revitalizing downtown area. The asking price is $275,000. Don't miss this chance to secure a valuable piece of Gatesville's history and future.

Property profile
Verified
Property type Commercial real estate
Year built 1933
Lot 0.06 ac (2,614 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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