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$295,000

NAL Estimated Property Value

1300 and 1302 W Main Stre W Main Street, Gatesville, TX, 76528

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths3,136 Sq Ft
price_per_sqft$94.07 / sqft
Year BuiltBuilt in 1945

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringWood

About this property

Use your imagination and see the potential this property has for commercial existence. Property is part of two parcels. The front of both parcels is zoned commercial while the back is residential. Lots of opportunities. Currently the house is being used as residential and the old gas station is used as storage for a resale shop. 1300 W Main is 1.16 acres and 1302 W Main is 1.148 for a total of 2.308 acres. It already has city water and city sewer. This is a great opportunity to get a space for a restaurant, retail store, or even rental income. This property is perfectly positioned to attract a steady stream of customers and, with its prime location, you'll benefit from high visibility and plenty of foot traffic. Utilities available are water, sewer, electric & high speed fiber optic internet. Daily traffic of 11,000+ vehicles. Prime frontage on Hwy 84. The tract is located in the middle of FM 116 and Hwy 36. Traffic count reads 82,000 short-term traffic volume counts and around 1,000 vehicle classification counts. Gatesville population of 17,460, with 4A schools, and key employment to include medical, prisons and state jails.

Investor Tools

Property Icon
$295,000
Estimated Property Value
$0Estimated Mortgage Balance
$295,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Gatesville

1300 and 1302 W Main Stre W Main Street | Property Details | No Agent List