189 Broadway St Alba, TX 75410
This exceptional 5,476 square foot commercial property, situated on a 0.14-acre lot at 189 Broadway in Alba, Texas, presents a unique investment opportunity. The building boasts a stunning renovation, offering two distinct areas ideal for diverse uses. One section features a captivating loft-style space with soaring, exposed-beam ceilings, charming brick walls, and a cozy gas fireplace. This area also includes a private back room complete with a full bathroom, a comfortable sitting area, a convenient utility room, ample closet space, and a private patio – perfect for a relaxing break or client meeting. The second section comprises four versatile rooms, well-suited for retail or office spaces, accompanied by a full bathroom and an unusually large hallway, originally designed as an art gallery. This adaptable layout allows for creative customization to suit various business needs. The building enjoys high visibility from US Highway 69, placing it in a prime location within the heart of downtown Alba, conveniently situated between Emory and Mineola, and offering easy access to the recreational amenities of Lake Fork. This property is a blank slate, ready for a discerning buyer to transform it into their dream business venture. The asking price is $399,900.
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
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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.