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    FOR SALE
    Bars & Pubs

    5117 Old Jacksboro Hwy, Wichita Falls, TX 76302

    3,120 SF 1.21 ac lot Built 1956
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US82-6960942
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    HIGHWAY 79 LLC TR
    HIGHWAY 79 LLC TR
    Zoning & alternative use
    LI · Wichita Falls, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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