Current Use by Public Records
- Wally L Phillips / Physician
- Phillips Eye Clinic / Physician
Property Details for 103 East Ave
- Year built
- 1980
- Lot size
- 0.50 lot acres
- Property type
- Office Spaces
Description
This exceptional 3,520-square-foot custom-built office building presents a unique investment opportunity in Kermit, Texas. Situated on a half-acre lot, the property boasts ample paved parking, ensuring convenient access for staff and clients. The building has served as an eye clinic for over four decades, showcasing its durability and suitability for professional use. While some minor remodeling could elevate the space to a high-end finish, the existing structure is well-maintained and ready for immediate occupancy. Its prime location offers excellent accessibility, making it an attractive option for a variety of businesses. A significant advantage is the property's location outside city limits, resulting in the absence of city taxes. However, it's important to note that city water and sewer services are connected, meaning some city ordinances may apply. Prospective buyers are strongly encouraged to verify the intended use with the city to ensure full compliance with all regulations before purchase. This property offers a blend of established infrastructure and tax advantages, making it an ideal choice for discerning investors seeking a well-located, spacious office building in a desirable area. The asking price is $425,000.
Value Estimations
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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
- Kermit
- County
- Winkler
- State
- Texas
- Longitude
- -103.082
- Latitude
- 31.8603
