Property profile

5117 Old Jacksboro Hwy Wichita Falls, TX 76302

FOR SALE
Bars & Pubs
Property ID
US82-6960942
3,120 SF 1.21 ac lot Built 1956
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1956
Construction WOOD
Total area 3,120 SF
Lot 1.21 ac (52,769 SF)
Zoning code LI
APN 0480 063 00
UPID US82-6960942

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5117 Old Jacksboro Hwy Wichita Falls, TX 76302
Wichita Falls metro Census 11600 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Zoning & alternative use

LI · Wichita Falls, TX
Zoning description

CT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450 GC-GENERAL COMMERCIAL DISTRICT Pt 3510…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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