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$950,000

1401 E Washington Street, Stephenville, TX, 76401

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths1,888 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size33,628 sqft

Building Information

Year Built1947

Land Information

APNR000044510
Lot Number24,30
SubdivisionSims Addition
Land UseCommercial
Legal DescriptionS5900 SIMS ADDITION;, BLOCK 13;, LOT 24 & 30;
Census Tract950501
Assessed Land Value$33,610
Assessment Year2025

About this property

Ideally positioned for top visibility, just behind Allsup's on the corner of Washington St. (Business 377) and East Road (Hwy. 281), this 8.6-acre tract offers outstanding possibilities for developers and accessibility on one of Erath County’s most traveled corridors. Located within the city limits and zoned B-2, this property allows for a wide range of commercial uses. High daily traffic counts from two roadways, close proximity to the Downtown Square, Tarleton State University, 27 miles to Interstate 20, and 30 minutes to Granbury. For a complete list of B-2 permitted uses, visit the City of Stephenville Zoning Department website. The Stephenville, Texas market is desirable and fast-growing so grab this rare opportunity to secure your location with unlimited potential.

Investor Tools

$428,647Estimated Mortgage Balance
$33,610Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,700 /month
Positive
Cash Flow Estimate:
$1,900 /month

Interested in this property?

Ronda Melton

Melton Real Estate Group Inc

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$14/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$33,610
2025
$33,610
N/A
$33,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$33,610

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank
Commercial
$460,000
No
First
Sep 28, 2022
Sep 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$428,647
N/A
0%
1275%
$2,758/mo

City: Stephenville

1401 E Washington Street | Property Details | No Agent List