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$889,900

367 N SH 155, Gilmer, TX, 75644

On MarketInfo
CommercialInfo

About this property

This expansive commercial property offers 11,876 gross square feet of versatile space in one of Gilmer's most high-traffic locations. Formerly operating as a popular live music venue and restaurant, the building features an elevated dance floor and stage, making it ideal for entertainment, event hosting, or a variety of commercial uses. Currently utilized as retail and warehouse space, the interior showcases a modern black-painted finish with warm wood accents, creating a unique industrial atmosphere. The property offers ample storage, abundant parking, and a separate private room perfect for meetings, special events, or private parties, complete with its own dedicated entrance. Positioned at one of Gilmer's busiest intersections, this property provides exceptional highway frontage, outstanding visibility, and continuous exposure to passing traffic, making it an outstanding opportunity for retail, entertainment, restaurant, office, warehouse, or mixed-use business ventures.

Investor Tools

$0Estimated Mortgage Balance
$889,900Estimated 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
$5,339 /month
Positive
Cash Flow Estimate:
$1,780 /month

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Victoria Wolfe

Texas Real Estate Executives

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Financing Details

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

City: Gilmer