916 Hwy Alice, TX 78332
This 480-square-foot industrial building, situated on a 0.06-acre lot at 916 S Hwy 281 in Alice, Texas, presents a unique investment opportunity. Previously used as a restaurant, the property offers significant potential for redevelopment or repurposing. Its compact size makes it suitable for a variety of small businesses or entrepreneurial ventures. The building's location on Highway 281 ensures high visibility and accessibility, benefiting from substantial daily traffic flow. The property's relatively small footprint minimizes maintenance costs and operational overhead, making it an attractive option for budget-conscious investors. Given its prior use as a restaurant, the building may already possess some necessary infrastructure, such as plumbing and electrical systems, potentially reducing renovation expenses. The property's price point of $68,900 makes it a compelling investment in the Alice, Texas market. Serious inquiries are encouraged to explore the possibilities this versatile property offers. The property is sold as-is. Buyers are responsible for conducting their own due diligence.
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
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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.