2915 Central FwyWichita Falls, TX 76302
- Office buildings
- 36,000 SF
Property Details for 2915 Central Fwy
- Year built
- 1980
- Construction
- CONCRETE BLOCKS
- Lot size
- 4.08 AC
- Property size (Sq ft)
- 36,000 SF
- Zone code
- HI
- Property type
- Office buildings
- APN
- 0956 011 00
- APU
- 95601100
Description
This exceptional mixed-use property, located at 2915 E Central Freeway in Wichita Falls, Texas, presents a compelling investment opportunity. Boasting 36,000 square feet of space across two stories, this 1980-built building sits on a generous 4.08-acre lot zoned for heavy industrial use. The asking price is $1,495,000, translating to a price per square foot of $41.53. The property's versatile layout is suitable for a range of businesses, including executive and traditional office spaces, manufacturing, warehousing, or creative enterprises. Features include ample parking, a loading dock, a kitchen, and an elevator, enhancing its functionality and appeal. Its strategic location along a busy highway ensures high visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in Wichita Falls. The property's size and zoning provide significant flexibility for future expansion or adaptation to evolving business needs. This is a rare opportunity to acquire a substantial commercial property in a thriving Texas market. The property is situated in Wichita County, Texas, with a zip code of 76302.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $7,681,090
- 6.5%
- $7,090,240
- 7%
- $6,583,790
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,196,590
- Geo Method
- $4,331,520
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $13,635,600
- Retail / Commercial
- $7,055,580
- Mixed-Use / Specialty
- $7,080,330
- Hospitality / Lodging
- $5,259,570
- Institutional / Educational
- $7,378,520
- Residential Income
- $8,632,870
- Multifamily
- $10,077,200
- Automotive / Energy
- $6,324,450
- Parking / Income-Based Land
- $2,133,190
- Restaurant / Food Service
- $3,789,020
- Healthcare / Senior Housing
- $7,209,580
Location Insight
- City
- Wichita Falls
- County
- Wichita
- State
- Texas
- Latitude
- 33.8839
- Longitude
- -98.4341
- CBSA code
- 48660
- CBSA name
- WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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