702 Houston Ave Temple, TX 76501
- Commercial real estate
- 12,160 SF
- 1.41 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 702 Houston Ave
- Year built
- 1965
- Lot size
- 1.41 lot acres
- Property size
- 12,160 SF
- Zone code
- LI
- Property type
- Commercial real estate
- APN
- 115331
- APU
- 115331
Description
This vacant industrial property in Temple, TX, offers a compelling redevelopment opportunity. Encompassing 16,000 square feet across two buildings on a 2.65-acre lot, this property presents significant potential for investors and users alike. Built in 1973, the property is strategically located within a mile of downtown Temple, providing easy access to key transportation routes, including I-35 (a 16-minute drive) and Loop 363 (3-minute drive). Its position along the sole east-west thoroughfare crossing the railroad tracks north of East Adams Avenue offers unique advantages for contributing to the expansion of East Temple. The property's versatility allows for a range of uses, from redeveloping existing structures to new construction. With projected 8.13% household growth within a 5-mile radius over the next 5 years, this property is well-positioned to capitalize on the growth of the Temple community. The asking price is $825,000, translating to $51.56 per square foot. This presents a strong investment or user opportunity in a thriving Texas market. The property's size and location make it an ideal candidate for various industrial, flex, or warehouse uses. The ample space and strategic location combine to create a unique opportunity for significant return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Temple
- County
- Bell
- State
- Texas
- Longitude
- -97.3303
- Latitude
- 31.1019
- CBSA code
- 28660
- CBSA name
- KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA
