617 Pine StAledo, TX 76008

Property Details for 617 Pine St

Year built

1972

Lot size

0.24 AC

Property size (Sq ft)

1,225 SF

Property type

Office properties

APN

14470-009-006-00

APU

1447000900600

Description

This exceptional 1,225 square foot office building in Aledo, Texas, presents a compelling investment or business opportunity. Situated on a 0.24-acre lot, the property boasts a durable rock exterior and is fully fenced for enhanced security and curb appeal. Ample parking is provided for clients and employees, adding to the convenience of this location. The building is ideally positioned near a variety of amenities, including restaurants, banks, and retail establishments, ensuring high visibility and convenient access for both staff and customers. Its strategic location offers easy access to I-20, further enhancing its appeal. All essential city services are readily available, making this a low-maintenance and attractive option. The property's prime location in the vibrant heart of Aledo makes it perfect for a wide range of businesses, from medical practices to other professional services. The combination of a desirable location, ample parking, and a well-maintained building makes this a truly exceptional opportunity to establish a thriving business or secure a strong investment in a growing community. The property's strong exterior and secure fencing contribute to a professional and welcoming atmosphere. This is a rare opportunity to acquire a well-situated commercial property in a thriving Texas town.

• CAP approach

  CAP return

  Valuation

  6%

  $337,482

  6.5%

  $311,521

  7%

  $289,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $220,950

  Geo Method

  $366,753

• Alternative Use

  Use

  Valuation

  Residential

  $386,286

  Hospitality

  $353,836

  Educational

  $294,388

  Medical

  $304,512

  Retail

  $457,936

Location Insight

City

Aledo

County

Parker

State

Texas

Latitude

32.7035

Longitude

-97.6042

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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