100 U. Hwy Springlake, TX 79082
This 2,948 square foot commercial building is ideally situated at the intersection of US Highway 70 and Highway 385 in Springlake, Texas, on a 0.32-acre lot. The property boasts a spacious front area perfect for customer dining, featuring large windows on two sides and a convenient checkout counter. A half bath is conveniently located in the front area. The building also includes a substantial kitchen, a dedicated prep area, and a drive-up window for efficient service. Two additional half baths are situated near the kitchen area. Ample parking is available both in front of and to the east of the building. The rear of the building offers valuable storage space. This location benefits from significant truck traffic due to the strategic placement on Highways 70 and 385, which connect major Texas cities. Highway 70 runs between Clovis and Plainview, while Highway 385 connects Levelland and Hereford. The property's history as a well-supported local cafe demonstrates its potential for continued success in a variety of commercial ventures. Note that an adjacent lot to the northeast is not currently listed for sale but may be available for separate purchase. This presents a unique opportunity to expand the property's footprint. The asking price for this exceptional commercial property is $50,000.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.