1304 Tower Rd Alamo, TX 78516-6862
This exceptional 36,589.96 sq ft commercial land parcel in Alamo, Texas, presents a fantastic investment opportunity. Located at 1304 N Tower Road, 78516, this property is ideally suited for automotive businesses. Built in 2019, the site features a substantial service bay, a large full-size paint booth, and an additional garage for storage, providing ample space for a thriving automotive repair and body/paint shop. The property boasts ample parking at both the front and rear, enhancing convenience for customers and staff. A fully fenced perimeter ensures security and privacy. The high-visibility location in a high-traffic area promises excellent business exposure. While currently lacking a water connection, the property's potential is undeniable. Note that subdivision is required for access. This is a rare opportunity to acquire a well-positioned, sizable lot ready for immediate development in a growing Texas market. The asking price is $237,500. This property is zoned for commercial use and offers significant potential for growth and return on investment. Serious inquiries are encouraged.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.