Property profile

324 Main St Hallsville, TX 75650

OFF-MARKET
Retail properties & Spaces
9,700 SF 0.68 ac lot Built 2003
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Property summary

AI-generated overview

This exceptional investment opportunity presents a multi-tenant retail portfolio in Hallsville, TX, encompassing two buildings totaling 9,700 square feet on a 0.68-acre lot. Located at 324-336 W. Main St, this property boasts high visibility from Highway 80, experiencing a daily traffic count of 44,539 vehicles. The portfolio comprises seven units, currently at 42% occupancy, with a mix of retail and restaurant tenants, including a restaurant with a drive-thru. The property features a six-suite retail plaza and a freestanding building, offering flexibility for various business types, such as restaurants, event spaces, or convenience stores. Built in 2003, this one-story property offers 37 parking spaces. The asking price is $1,280,000, representing a price per square foot of $131.96 and a projected cap rate of 6.30%. The current lease type is gross, with a remaining lease term of four years. This value-add investment presents a compelling opportunity to capitalize on the growth of Hallsville and its strategic location near major traffic arteries and established businesses. The property's high visibility and diverse tenant mix make it an attractive proposition for investors seeking strong returns.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2003
Total area 9,700 SF
Lot 0.68 ac (29,621 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

324 Main St Hallsville, TX 75650
Hallsville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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