5117 Old Jacksboro Hwy, Wichita Falls, TX 76302
For Sale
1 / 9
This exceptional investment opportunity presents a 3,120-square-foot mixed-use property situated on a sizable 1.29-acre lot in Wichita Falls, Texas. Located at 5117 Old Jacksboro Hwy, this Class D building, constructed in 1956, offers significant potential for redevelopment or repurposing. The property's zoning is Light Industrial, allowing for a variety of uses. The building itself is approximately 3,120 square feet, with a price per square foot of $40.87. The asking price for this one-story structure is $127,500. Its prime corner location offers excellent visibility and accessibility, boasting proximity to major retailers such as Walmart, McDonald's, Starbucks, and Southerlands Home Improvement. The substantial lot size of 52,707 square feet provides ample space for expansion or future development. This property is ideal for investors seeking a high-return opportunity in a thriving commercial area. The existing building may be considered for demolition, presenting a blank canvas for a new development. The strategic location and substantial lot size make this a compelling investment prospect in a high-traffic area of Wichita Falls. The property's versatility and potential for significant return on investment make it a rare find in the current market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
LI · Wichita Falls, TXWichita Falls. Always verify with local authorities before improvements.
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.