898 Alsbury BlvdBurleson, TX 76028

Property Details for 898 Alsbury Blvd

Year built

1988

Lot size

0.65 AC

Property size (Sq ft)

3,540 SF

Property type

Grocery and convenience stores

APN

13875-A-2R

APU

13875A2R

Description

This 3,540 square foot convenience store building in Burleson, Texas, presents a compelling investment opportunity. Located on a 0.654-acre lot at the hard southwest corner of I-35 and Alsbury Blvd, this property boasts exceptional freeway visibility and accessibility. Built in 1988, the building features ample parking (over 24,000 square feet), display windows, and a large sign visible from the interstate. The property includes refrigerated walk-in display coolers, a significant asset for a convenience store or similar business. A former car wash attached to the building offers potential for conversion into a drive-thru, adding further value and versatility. The asking price is $2,200,000, with a monthly lease rate of $8,800. The property's prominent location and existing infrastructure make it an ideal investment for a variety of retail uses. Note that the billboard is not included in the sale. The substantial lot size (approximately 28,496 square feet) provides ample space for expansion or future development. This high-traffic location and versatile building offer a rare opportunity for significant return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,050,850

  6.5%

  $970,015

  7%

  $900,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,128,236

  Geo Method

  $2,670,798

• Alternative Use

  Use

  Valuation

  Residential

  $818,244

  Hospitality

  $749,507

  Educational

  $623,581

  Medical

  $645,027

  Retail

  $970,015

Location Insight

City

Burleson

County

Tarrant

State

Texas

Latitude

32.5628

Longitude

-97.3203

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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