12149 State Hwy 21st E Midway, TX 75852-2735
This charming stucco grocery store, located at 12149 State Highway 21 in Midway, Texas, presents a unique investment opportunity. The 2,100 square foot building sits on a 0.08-acre lot and is conveniently situated right off the main road, offering excellent visibility and accessibility. This is an AS-IS cash sale, meaning the property is sold in its current condition. However, several key improvements have been made in recent years, including the replacement of the roof, electrical box, electrical wiring, and both air conditioning units. These upgrades significantly reduce the immediate maintenance burden for the new owner. Utilities will be reactivated upon contract signing and completion of inspections. The seller is eager to facilitate a smooth transaction and welcomes prospective buyers to visit the property and assess its potential firsthand. This presents a rare chance to acquire a well-located commercial property in a desirable Texas town at an attractive price point of $49,000. The property's history as a grocery store suggests potential for continued use in a similar capacity, or for adaptive reuse to suit a variety of other commercial ventures. The building's prime location and recent upgrades make it an attractive proposition for investors seeking a straightforward, cash-only investment with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.