For Sale
$1,280,000

324 Main St Hallsville, TX 75650

Prime retail investment, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a multi-tenant retail portfolio in Hallsville, TX, encompassing two buildings totaling 9,700 square feet on a 0.68-acre lot. Located at 324-336 W. Main St, this property boasts high visibility from Highway 80, experiencing a daily traffic count of 44,539 vehicles. The portfolio comprises seven units, currently at 42% occupancy, with a mix of retail and restaurant tenants, including a restaurant with a drive-thru. The property features a six-suite retail plaza and a freestanding building, offering flexibility for various business types, such as restaurants, event spaces, or convenience stores. Built in 2003, this one-story property offers 37 parking spaces. The asking price is $1,280,000, representing a price per square foot of $131.96 and a projected cap rate of 6.30%. The current lease type is gross, with a remaining lease term of four years. This value-add investment presents a compelling opportunity to capitalize on the growth of Hallsville and its strategic location near major traffic arteries and established businesses. The property's high visibility and diverse tenant mix make it an attractive proposition for investors seeking strong returns.

Highlights

  • High visibility from Highway 80.
  • 44,539 vehicles per day traffic count.
  • Six-suite plaza with available spaces.
  • On-site drive-thru restaurant.
  • Suitable for a variety of businesses.
  • Excellent location near national brands and high-traffic businesses.

Property Details for 324 Main St

Property type
Retail properties, Restaurants
Square Feet
9,700 SF
Year Built
2003
Buildings
2
Stories
1
Lot Size (sq. ft)
29,621 SF
Units
7

Location Insight

City
Hallsville
County
Harrison
State
Texas
Latitude
32.5057449
Longitude
-94.5812825
324 Main St, Hallsville, Texas

FAQs

What type of property is this?
Retail property - Prime retail investment, high traffic.
Where is the retail property located?
The property is located at 324 Main St Hallsville, TX.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: High visibility from Highway 80.; 44,539 vehicles per day traffic count.; Six-suite plaza with available spaces.
How can I contact the broker?
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324 Main St
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