108 Phillips Rd Borger, TX 79007
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 108 Phillips Rd
- Year built
- 1980
- Lot size
- 0.87 lot acres
- Property size
- 2,800 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Bars & Pubs
Description
This 2,800 square foot, single-story retail building in Borger, Texas, presents a unique investment opportunity. Located on 0.87 acres with 70 parking spaces, this property boasts high visibility from IH 119 and 246, benefiting from proximity to the Phillips Refinery with its 1,500+ employees. Built in 1980 and renovated in 2023, the building features a drive-thru window and existing kitchen equipment (condition not guaranteed), including a vent-a-hood, grease trap, and two walk-in coolers/freezers. A prominent 40-foot pylon sign ensures excellent visibility. The property is zoned for commercial use and is offered at $249,900, with owner financing available at 10% down and $1,580 per month with a 5-year balloon payment. A significant advantage is the availability of a $120,000 50/50 grant from Economic Development for tenant improvements. The property's previous use as a Whataburger demonstrates its suitability for various food service businesses, including pizza, beer, wine, and convenience store operations. The occupancy date is October 31, 2024. Cash offers are encouraged for a quicker closing. This property is held by an IRA Financial Trust Company.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Borger
- County
- Hutchinson
- State
- Texas
- Longitude
- -101.38
- Latitude
- 35.6797
