413 Broadway St Gainesville, TX 76240-4169
This exceptional 3,080 square foot commercial building presents a unique investment opportunity in the heart of Gainesville, Texas. Situated on a desirable 0.37-acre corner lot, this property offers convenient access to downtown amenities. Previously occupied by a dental practice, medical office, and most recently an accounting firm, the building is thoughtfully divided into two distinct suites, each boasting multiple rooms, a reception area, and a private bathroom. The layout is ideal for a variety of uses, allowing for owner-occupancy and simultaneous lease of the second suite, generating immediate rental income. Ample parking is provided by a dedicated parking lot located on the north side of the building, complemented by a convenient carport. An additional vacant lot, also situated to the north of the parking area, offers potential for future expansion or development. The asking price is $350,000. This property is being sold "as is," and potential buyers are responsible for verifying all information provided. This is a rare chance to acquire a well-located, versatile commercial building with significant income potential. Don't miss this opportunity to establish your business in a thriving downtown location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.