217 Main St Highlands, TX 77562-3807
This exceptional investment opportunity presents a 2,848 square foot, single-story building on a substantial 22,500 square foot lot in Highlands, Texas. The property, built in 1957 and renovated in 2020, is classified as Class B and boasts a convenient drive-through lane. Currently configured as a single-tenant space, it's ideally suited for a variety of uses, including convenience stores, quick-service restaurants, or other retail ventures. The property includes three combined lots: a 4,950 square foot lot containing the building, a 7,050 square foot parking lot, and an additional 7,500 square foot vacant lot. Its strategic location near a major Food Town grocery store ensures high visibility and significant daily traffic. Surrounded by thriving businesses, including other restaurants and gas stations, this property offers excellent potential for growth and profitability. The asking price is $850,000, translating to $298.46 per square foot. The ample lot size and existing infrastructure provide significant flexibility for future development or expansion. This is a rare chance to acquire a well-located, versatile commercial property in a bustling Texas community. The property will soon be vacant, presenting a clean slate for a new tenant or owner-operator.
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Moso Cellular Mobile Phone Store Electronics & Wireless Store
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.