U.S. 87 Hwy Frontage Commercial Shop/Office

Retail-Commercial for Sale
Catylist Listing ID: 30786938
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Vehicle Related
Building Size (RSF): 5,078 SF
Gross Land Area: 30,425 SF
Sale Price: $85,000
Unit Price: $16.74 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/3/2022

Overview / Comments

What an opportunity, this property is highway frontage located directly across from the airport on U.S 87 in Plainview. In the south building there is a tenant of over 30 years paying only $400 per month on a month to month bases. The north building is unoccupied and would make a phenomenal office location, automotive shop, U-Haul stop, convenient store, you name it. It's rare that opportunities like this arise. Owner is making some improvements, there has been new mini splits installed in the north building. The seller is motivated and ready to negotiate so send us an offer!

Additional Details

Nearest MSA: Plainview
County: Hale
Tax ID/APN: 22325
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: U.S 87
Feet of Frontage: 250
Highway Access: In front
Airports: Across the street
Site Description: The house on the north east corner is not a part of this tract.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Legal Description: Licensed electrician to repair spliced wires & junction boxes in attic.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,407 21,158 28,382
Median Age: 30.69 31.96 31.79
Households: 1,152 7,272 9,035


Photograph of Listing Agent

Jarrett Thornton

Progressive Properties
West Texas CIE Member
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