3101 10th St Wichita Falls, TX 76309-2103

This exceptional 24,204 square foot property in Wichita Falls, Texas, presents a unique investment opportunity. Located at 3101 10th St, 76309, this multi-use building sits on a 1.67-acre lot and boasts a flexible zoning designation (MRF MFR—MULTIFAMILY RESIDENTIAL DISTRICT). Currently, approximately 10,900 square feet are leased to Oh2BKids Learning Center under a Net Net Net (NNN) lease expiring January 31, 2027 (approximately 2.2 years remaining). This established childcare tenant has occupied the space since 2016. The remaining 13,000+ square feet offers significant potential for expansion, additional leasing, or redevelopment. The building was constructed in 1969. The current occupancy rate is 45%, and the property's Net Operating Income (NOI) is $68,400. The asking price for this versatile property is $1,052,000. This presents a compelling investment opportunity for those seeking a blend of stable income and future development potential in a growing Texas market. The property's multi-family residential zoning allows for a variety of uses, making it an attractive option for both short-term and long-term investors. The existing lease provides immediate cash flow, while the substantial vacant space offers considerable upside potential.