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    OFF-MARKET
    Strip malls

    1900 9th St, Wichita Falls, TX 76301-4130

    15,752 SF 0.52 ac lot Built 1951
    Individually Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US82-6740386
    Property summary
    AI-generated overview

    This exceptional 13,923 square foot commercial property, located at 1900 9th Street in Wichita Falls, Texas, presents a unique investment opportunity. The single-story building sits on a 22,768 square foot lot and is comprised of six units, currently operating as a mix of retail and executive office spaces. The property boasts a strong location at the corner of 9th and Denver Streets, ensuring high visibility and significant traffic flow. Currently, two units are available for lease, offering potential for increased income. With a price per square foot of $36.63, this represents a significant price adjustment. The property is owner/tenant occupied, and when fully leased, it is projected to generate positive cash flow. The paved parking area provides ample space for customers and employees. The lease expiration date for existing tenants is July 11, 2025. This multi-use commercial property is ideal for investors seeking a strong return on investment in a desirable location. The property's combination of retail and office space provides flexibility and diverse income streams. This is a rare opportunity to acquire a well-located, established commercial property in Wichita Falls, Texas, at a highly competitive price.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1951
    Construction STEEL FRAME
    Total area 15,752 SF
    Lot 0.52 ac (22,769 SF)
    Zoning code GC
    APN 1820 029 00
    UPID US82-6740386
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Park Plaza Pharmacy Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Deborah Glick · 18 yrs held
    Deborah Glick
    since 2008
    1 recorded transaction
    2008
    Zoning & alternative use
    GC · Wichita Falls, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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