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Property profile & analytics
OFF-MARKET
Retail space

332 1st St Springtown, TX 76082-2532

2,821 SF 5.63 ac lot Built 1946
Trust Owned 6-yr Hold
Property ID
US82-0100996
Property summary
AI-generated overview

This exceptional 5.63-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding Springtown, Texas market. Located at 332 W 1st St, Springtown, TX 76082, this property boasts a highly desirable Commercial zoning designation, opening doors to a diverse range of development possibilities. The zoning permits the construction of hotels, townhomes, and retail spaces, catering to the area's burgeoning demand for new commercial and residential options. The current asking price is $1,950,000. Existing structures on the property generate an approximate annual income of $80,000, offering immediate return potential alongside future development prospects. Situated at the Northwest corner of Highway 199 and 1st Street, this location provides excellent visibility and accessibility, ensuring high traffic flow and strong potential for attracting businesses and residents. This is an ideal site for developers seeking to capitalize on Springtown's robust growth trajectory, whether focusing on retail development or residential construction. The property's size and zoning flexibility make it a truly unique and compelling investment opportunity in a thriving Texas market. Don't miss this chance to secure a prime piece of land in one of the state's fastest-growing areas.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Total area 2,821 SF
Lot 5.63 ac (245,243 SF)
APN 20140-020-000-00
UPID US82-0100996
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
Current use
Occupant on record · Public records
  • Cigar Plus Vape (Bike/Boat/Book/etc) Store
  • Bitcoin ATM Springtown - Coinhub Atm Currency Exchange Service
  • U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
678 Nsk Trust · 6 yrs held
678 Nsk Trust
since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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