1108 Grand AveGainesville, TX 76240

Property Details for 1108 Grand Ave

Lot size

0.70 AC

Property size (Sq ft)

2,376 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

19786

APU

19786

Description

This exceptional free-standing retail property, located at 1108 NE Grand Ave in Gainesville, Texas, presents a unique investment opportunity. The building, constructed in 1980, boasts a total of 2,376 square feet, situated on a sizable 0.7-acre lot. Classified as Class C, this single-tenant building is currently vacant, offering immediate occupancy for a wide range of retail uses. The property's zoning allows for various possibilities, including bank, fast-food, or restaurant operations. Its convenient location in Gainesville, Cooke County, Texas, 76240, provides excellent visibility and accessibility. The entire 2,376 square feet is available, making it ideal for a single user seeking a substantial space. The property's size and location make it an attractive option for businesses looking to establish a strong presence in the Gainesville market. This is a rare opportunity to acquire a well-positioned, sizable retail space in a growing Texas community. The property's ample lot size offers potential for future expansion or additional development. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $829,644

  6.5%

  $765,826

  7%

  $711,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $892,463

  Geo Method

  $720,418

• Alternative Use

  Use

  Valuation

  Residential

  $646,003

  Hospitality

  $591,735

  Educational

  $492,316

  Medical

  $509,248

  Retail

  $765,826

Location Insight

City

Gainesville

County

Cooke

State

Texas

Latitude

33.6371

Longitude

-97.1328

CBSA code

23620

CBSA name

GAINESVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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