104 Elm St Hillsboro, TX 76645

This exceptional mixed-use property, located at 102 & 104 W Elm St in Hillsboro, TX, presents a compelling investment opportunity. The 3,264 square foot building, constructed in 1945, boasts two units, each approximately 1,632 square feet, situated on a 0.076-acre lot in the heart of the historic downtown square, just west of the courthouse. Currently operating as a storefront and traditional office space, the property offers high visibility on a heavily trafficked route to Lake Whitney. Unit 1 (102 W Elm St), currently leased until August 1, 2025, features two offices, each with a mini-split AC/heat unit. Unit 2 (104 W Elm St), previously a boutique, will be vacant at the end of October 2024. Both units include substantial rear storage with high ceilings and a single-stall restroom. Each unit has its own electric meter. The property is zoned for commercial use and is offered at an asking price of $245,000, with a current NOI of $3,600 and a 1.47% cap rate. The property is currently 50% occupied. Individual unit sales are possible at $180,000 each, requiring the installation of separate water meters. Detailed information is available in associated documents. This is a multi-unit investment opportunity in a high-traffic area with significant character.