299 Belknap StStephenville, TX 76401

Property Details for 299 Belknap St

Year built

1950

Lot size

0.11 AC

Property size (Sq ft)

4,770 SF

Property type

Commercial real estate

APN

R000029256

APU

R000029256

Description

This exceptional 9,450 square foot retail property, situated on a 0.12-acre lot at 299 N Belknap Street in the heart of Stephenville, Texas, presents a unique investment opportunity. Its fantastic downtown location, just off the Stephenville square, offers unparalleled visibility and accessibility. The expansive space is adaptable to a variety of uses, accommodating either a single large tenant or multiple smaller suites. A significant advantage for prospective buyers is the completion of all pre-renovation asbestos abatement, eliminating a substantial cost and time commitment typically associated with such projects. This means the property is immediately ready for build-out and tenant occupancy, minimizing delays and maximizing return on investment. The property's size and central location make it ideal for a wide range of retail businesses seeking a prominent presence in a thriving community. This is a rare chance to acquire a turnkey retail space in a highly desirable downtown area, offering significant potential for growth and profitability. The asking price is $949,000. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,489,330

  6.5%

  $1,374,760

  7%

  $1,276,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $860,351

  Geo Method

  $1,428,090

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,717,060

  Retail / Commercial

  $1,391,250

  Mixed-Use / Specialty

  $1,384,670

  Hospitality / Lodging

  $1,013,790

  Office

  $1,374,760

  Institutional / Educational

  $1,438,920

  Residential Income

  $1,683,540

  Multifamily

  $2,028,100

  Automotive / Energy

  $1,233,360

  Parking / Income-Based Land

  $427,214

  Restaurant / Food Service

  $716,732

  Healthcare / Senior Housing

  $1,421,610

Location Insight

City

Stephenville

County

Erath

State

Texas

Latitude

32.2215

Longitude

-98.2034

CBSA code

44500

CBSA name

STEPHENVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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