1010 6Th St Alice, TX 78332
This exceptional 8,140 square foot industrial property, located at 1010 E 6th Street in Alice, Texas, presents a compelling investment opportunity. Situated on a 0.52-acre lot, the building offers significant versatility and immediate income potential. Currently configured as two distinct spaces, the property boasts a substantial office area ideal for various business needs, complemented by a sizable banquet hall. This dual-use setup allows for diverse income streams and potential for future expansion. The existing leases provide a stable revenue stream from day one, minimizing initial vacancy risk. The ample square footage allows for flexibility in tenant configuration and potential for future development or subdivision. The property's location in Alice, Texas, offers convenient access to local amenities and transportation routes. The included lot on the right side of the building provides additional space for expansion, parking, or outdoor storage, adding further value to this already attractive investment. This property is priced competitively at $450,000 and represents a strong return on investment for a savvy buyer seeking a well-established, income-generating asset with significant upside potential. Serious inquiries are encouraged.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.