2009 Maurine StWichita Falls, TX 76306

Property Details for 2009 Maurine St

Year built

2007

Construction

CONCRETE BLOCKS

Lot size

0.43 AC

Property size (Sq ft)

1,754 SF

Zone code

GC

Property type

Drive through restaurants

APN

2820 015 01

APU

282001501

Description

This exceptional retail property, a former Starbucks, presents a compelling investment opportunity in Wichita Falls, Texas. The 1,750 square foot free-standing building, constructed in 2007, sits on a half-acre lot (0.43 acres) and boasts a convenient drive-thru. Its strategic location on Interstate 44 ensures high visibility to over 71,000 vehicles daily, with easy ingress and egress. The property benefits from its proximity to Sheppard Air Force Base, the largest and most diversified training base in Air Education and Training Command, and is also conveniently located near Hirschi High School, Kate Burgess Elementary, Kirby Middle School, and the Boys & Girls Club (all within 0.5 miles). Ample parking caters to various retail or restaurant uses. The surrounding area features established businesses such as Denny's, Whataburger, Long John Silver's, and 7-Eleven, and is not far from a relatively new Walmart Supercenter. Eight hotels, including Comfort Inn, Quality Inn & Suites, La Quinta, Red Roof Inn, and Super 8 by Wyndham, are also nearby. This property is priced well below its original construction cost, making it an ideal value-add opportunity. The APN is 137062, and the permitted zoning is 101815124. The address is 2009 Maurine St, Wichita Falls, TX 76306.

• CAP approach

  CAP return

  Valuation

  6%

  $485,420

  6.5%

  $448,080

  7%

  $416,075

• Comparable approach

  Method

  Valuation

  Relative Method

  $515,244

  Geo Method

  $531,824

• Alternative Use

  Use

  Valuation

  Residential

  $377,973

  Hospitality

  $346,221

  Educational

  $288,052

  Medical

  $297,958

  Retail

  $448,080

Location Insight

City

Wichita Falls

County

Wichita

State

Texas

Latitude

33.936

Longitude

-98.5198

CBSA code

48660

CBSA name

WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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