100 Highway 287 Decatur, TX 76234
- Commercial real estate
- 800 SF
- 0.45 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 100 Highway 287
- Year built
- 1970
- Lot size
- 0.45 lot acres
- Property size
- 800 SF
- Property type
- Commercial real estate
- APN
- A0857.9135.00
- APU
- A0857913500
Description
This exceptional single-tenant retail property, located at 100 Hwy. 287 in Decatur, Texas, presents a compelling investment opportunity. The freestanding building boasts 1,805 square feet of space, ideal for a restaurant or storefront operation. Situated on a sizable 0.45-acre lot, the property offers ample visibility and accessibility from Highway 287. The building's single-tenant occupancy ensures ease of management and predictable income streams. The property is located in Wise County, Texas, and benefits from the vibrant commercial activity in Decatur. The address is 100 Hwy. 287, Decatur, TX 76234. The property's size is perfectly suited for a variety of retail uses, offering a significant opportunity for business owners seeking a well-located and established space. With its convenient highway access and substantial lot size, this property is poised for success. The property type is classified as retail, specifically a restaurant, storefront, and free-standing building. This is a single-tenant property with no minimum divisible square footage less than the total 1,805 square feet. The maximum contiguous square footage is also 1,805 square feet. This presents a unique opportunity for a business seeking a standalone location with high visibility. The property's location in Decatur, Texas offers a strong potential for growth and profitability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $390,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $420,000
- Retail
- $330,000
- Mixed-Use
- $335,000
- Hospitality
- $370,000
- Educational
- $465,000
- Residential Income
- $405,000
- Energy
- $430,000
- Income-Based Land
- $355,000
- Food Service
- $440,000
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Wise
- State
- Texas
- Longitude
- -97.5967
- Latitude
- 33.2338
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA