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Days26Days on Market
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$889,900

367 N SH 155, Gilmer, TX, 75644

On MarketInfo
CommercialInfo
Baths0 Bath
Year BuiltBuilt in 1940

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
$0Estimated Equity
0% equity
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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%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gilmer

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367 N SH 155 | Property Details | No Agent List