5805 Starnes Rd, Watauga, TX 76148-1300
This exceptional 2,400 square foot commercial building sits on a desirable 2.04-acre lot in Watauga, Texas. Its prime location offers unparalleled visibility, enhanced by a beautiful monument sign and ample parking. The property features 15 front parking spaces (including 3 handicapped-accessible spaces) and approximately 60 additional spaces in the rear. The interior is meticulously designed, boasting a welcoming reception area, a large flexible space ideal for conferences or staff meetings, and custom cabinetry throughout. Durable stained concrete floors add to the building's aesthetic appeal. The property includes one full bathroom with a shower and closet, as well as a convenient guest/employee bathroom. A luxurious kitchen is equipped with granite countertops, a water filtration system, and a plumbed Keurig machine. Extensive storage is available, including a sizable attic accessible via an elevator and featuring reinforced shelving. The attic presents a significant opportunity for future expansion, potentially creating a second level. Two impressive executive offices each offer a private courtyard, and additional private office spaces are located near the executive offices' entrance. Approximately an additional acre of undeveloped land offers further expansion potential to meet future business needs. This property represents a unique opportunity to acquire a high-quality commercial building in a prime location. The asking price is $2,500,000.
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
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Risks
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