3101 Armory RdWichita Falls, TX 76302

  • Industrial properties
  • 36,398 SF
For Sale

Property Details for 3101 Armory Rd

Year built
1950
Lot size
5.55 AC
Property size (Sq ft)
36,398 SF
Zone code
GC
Property type
Industrial properties
Property subtype
Other warehouses
APN
0470 070 04
APU
47007004

Description

This exceptional 36,398-square-foot flex building presents a unique investment opportunity in Wichita Falls, Texas. Situated on a spacious 5.55-acre lot, this former school building offers a versatile layout including ample workshop areas, offices, and substantial storage space. The property features multiple roll-up doors ranging from 9 to 16 feet, enhancing accessibility and functionality. Security is ensured by a fenced yard complete with electronic gates. The building is conveniently located with easy access to major highways including TX-79, US-281, and US-287, providing excellent visibility and connectivity. Zoned for General Commercial use, this property allows for a broad range of potential applications. A significant advantage is the inclusion of an approximately 80-85 kW solar system, still under the manufacturer's warranty, contributing to significant energy savings. The property boasts ample parking and is priced at $849,000, or $23.33 per square foot. Built in 1950, this single-story structure is classified as Class C and currently sits vacant, presenting a blank canvas for a discerning buyer. The property's address is 3101 Armory Rd, Wichita Falls, TX 76302, and its APN is 0470 070 04. This is a rare opportunity to acquire a substantial property in a thriving area with significant potential for return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,843,550
    Hospitality
    $7,184,649
    Educational
    $5,977,544
    Medical
    $6,183,120
    Retail
    $9,298,401
3101 Armory Rd, Wichita Falls, Texas

Location Insight

City
Wichita Falls
County
Wichita
State
Texas
Latitude
33.8822
Longitude
-98.4848
CBSA code
48660
CBSA name
WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,199
$60,440
$374,368
$434,808
-
$60,440
$374,368
$434,808

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