4397 Highway 199 E Reno, TX 76082
For Sale
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This exceptional commercial property, located at 4397 E Hwy 199 in Springtown, Texas, offers a unique investment opportunity. Situated on a nearly one-acre lot (0.94 acres) at a busy four-way intersection, this 3,696 square foot building boasts high visibility with over 130 feet of highway frontage and over 300 feet of county road frontage, experiencing over 30,000 vehicles daily. Currently configured as a church, the property has a rich history, previously operating as a restaurant, demonstrating its adaptability to various uses. The single-story, 1995-built structure is zoned for commercial use and presents a chance for restoration or redevelopment. While some repairs are needed, the building's solid foundation and prime location make it a compelling investment. The property includes one building on a single story, and is comprised of one unit. The property's location in rapidly growing Springtown, Texas, and its ample space for parking or expansion, further enhance its potential. This is a rare opportunity to acquire a versatile commercial property in a thriving Texas market. The asking price is $425,000.
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
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.