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Property profile & analytics
FOR SALE
Commercial real estate

2309 W Washington St Stephenville, TX 76401

0.98 ac lot
Entity Owned 2-yr Hold
Property ID
US82-5576221
Property summary
AI-generated overview

This exceptional 0.98-acre commercial land parcel, located at 2309 W Washington St, Stephenville, TX 76401, presents a unique investment opportunity. Zoned B-2 for retail and commercial use, this property boasts high visibility on a major Stephenville retail corridor, experiencing over 13,000 cars daily. The site offers ample frontage, ensuring easy access and excellent ingress/egress. Currently featuring a structure built in 1965, totaling 17,183 square feet, the property is ideal for redevelopment. The existing building can be demolished to accommodate new construction tailored to specific needs. This location benefits from its proximity to Tarleton State University, making it particularly attractive in the "Cowboy Capital of the World." The asking price for this fee-simple ownership opportunity is $1,000,000. The property's potential is further enhanced by its suitability for a quick-service restaurant with a drive-thru. This prime location and flexible zoning make it an exceptional investment prospect. Erath County location and zip code 76401.

Property profile
Verified
Property type Commercial real estate
Lot 0.98 ac (42,689 SF)
UPID US82-5576221
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
N& A Real Estate LLC · 2 yrs held
N& A Real Estate LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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