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Property profile & analytics
OFF-MARKET Estimated value $1,255,000
Commercial real estate

2503 State Hwy 16 Strawn, TX 76475-4700

80,991 SF 4.93 ac lot Built 1986
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US82-5553258
Property summary
AI-generated overview

This exceptional retail property, located at 2503 N State Highway 16 Unit B, Strawn, TX, presents a unique investment opportunity. The 6,025 square foot building sits on a 4.93-acre lot at a key intersection, offering high visibility and accessibility. Its strategic location at the junction of TX-16, a major route to Possum Kingdom Lake, and Hells Gate Drive, leading directly to popular recreational destinations like Sportsman's World and Bluff Creek Marina, ensures consistent traffic and customer flow. The property is currently operating as a successful general store, boasting diverse revenue streams including fuel sales, a restaurant, convenience and grocery items, beer and wine sales, and entertainment options. Financial records indicate consistent strong performance, with gross sales averaging over $1,400,000 annually for the past three years. The sale includes not only the real estate but also the established business and over $250,000 worth of fixtures, furniture, and equipment (FF&E). This turnkey operation offers immediate income potential and significant upside for a savvy investor looking to capitalize on the thriving tourism and recreation industry surrounding Possum Kingdom Lake. The property's size and location provide ample opportunity for expansion or diversification of the existing business model. This is a rare chance to acquire a well-established, profitable business with significant growth potential in a desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1986
Total area 80,991 SF
Lot 4.93 ac (214,620 SF)
APN 219748200
UPID US82-5553258
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
$1.26M
Owner & transaction history
Pk General Store LLC · 5 yrs held
Pk General Store LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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