700 Highway 82 W Gainesville, TX 76240

Property Details for 700 Highway 82 W

Construction

METAL FRAME

Lot size

0.11 lot acres

Property size

1,092 SF

Property type

Commercial real estate

APN

13077

APU

13077

Description

This exceptional 1.01-acre commercial property in Gainesville, Texas, presents a remarkable investment opportunity. Boasting unparalleled visibility and accessibility, the property enjoys road frontage on four sides: Highway 82, Culberson Street, Yates Street, and Mill Street. Its prime location, just seconds from I-35, ensures high traffic volume. The property includes a well-established laundromat, operating successfully for over 35 years, currently owner-occupied but with significant expansion potential (half the building is vacant). Three additional houses are currently leased, generating consistent rental income. An existing office building and a large 30-foot advertising billboard further enhance the property's income potential and visibility. A substantial vacant lot offers significant development possibilities, allowing for future expansion or the construction of additional commercial buildings. This multi-use property is situated in a thriving and rapidly growing area, making it an ideal investment for both immediate income generation and long-term appreciation. The combination of established income streams, high visibility, and development potential makes this a truly unique opportunity. Don't miss this chance to acquire a highly desirable commercial property in a prime location. The asking price is $2,249,000.