708 California StGainesville, TX 76240

Property Details for 708 California St

Year built

1950

Lot size

0.03 AC

Property size (Sq ft)

780 SF

Property type

Retail properties

Property subtype

Retail space

APN

10992

APU

10992

Description

This 780-square-foot retail storefront is ideally situated in the heart of Gainesville, Texas, offering exceptional visibility and accessibility. Located at 708 E California Street, this single-tenant property enjoys a prominent position just one minute from the Cooke County Courthouse and a convenient five-minute drive from Interstate 35. The property's versatile space is suitable for a variety of retail or office uses. The current tenant is on a month-to-month lease, with a 30-day notice period for both tenant and landlord. While the property boasts excellent location and visibility from California Street, prospective tenants are advised to independently verify all specifications, including but not limited to measurements, usable area, and zoning. All information provided is believed to be accurate but is not guaranteed. Directions from Downtown Dallas: Take I-35E North, follow signs for Denton, continue on I-35E North for 28 miles, and take the appropriate exit. This property presents a compelling opportunity for businesses seeking a high-traffic location in a thriving Texas community.

• CAP approach

  CAP return

  Valuation

  6%

  $272,219

  6.5%

  $251,279

  7%

  $233,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $292,861

  Geo Method

  $236,501

• Alternative Use

  Use

  Valuation

  Residential

  $211,963

  Hospitality

  $194,157

  Educational

  $161,537

  Medical

  $167,092

  Retail

  $251,279

Location Insight

City

Gainesville

County

Cooke

State

Texas

Latitude

33.6241

Longitude

-97.1392

CBSA code

23620

CBSA name

GAINESVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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