108 Phillips Rd Borger, TX 79007

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.