300 Central Texas Expy Harker Heights, TX 76548
- Commercial real estate
- 0.44 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 300 Central Texas Expy
- Year built
- 2016
- Lot size
- 0.44 lot acres
- Property type
- Commercial real estate
- APN
- 468091
- APU
- 468091
Description
This exceptional 32,000 square foot single-story retail strip center, built in 2007, presents a unique investment opportunity in Bell County. The property boasts a convenient location, ample parking with 110 spaces, and a desirable B-5 Local Retail zoning classification. Currently, the center features multiple tenants, with a small amount of vacant space totaling 166 square feet, offering immediate potential for expansion or lease income. The building sits on a generous 2.77-acre lot and features a 10-foot ceiling height throughout. Ideal for a variety of retail uses, the center is currently home to a collection of businesses catering to personal care, including hair stylists, barbers, and massage therapists. The available spaces range from 96 to 166 square feet and offer a turnkey solution with included utilities, Wi-Fi, and basic cable TV. This property represents a strong value proposition for investors seeking a well-maintained, established retail center with immediate income potential and room for growth. The property's convenient location and ample parking ensure high visibility and accessibility for tenants and customers alike. The existing tenant mix provides a solid foundation for future success. Don't miss this chance to acquire a thriving retail property in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $420,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $450,000
- Mixed-Use
- $420,000
- Hospitality
- $390,000
- Educational
- $470,000
- Residential Income
- $430,000
- Energy
- $400,000
- Income-Based Land
- $410,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Harker Heights
- County
- Bell
- State
- Texas
- Longitude
- -97.6613
- Latitude
- 31.0715
- CBSA code
- 28660
- CBSA name
- KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA