417 Breckenridge AveBreckenridge, TX 76424

Property Details for 417 Breckenridge Ave

Lot size

1.18 AC

Property type

Commercial real estate

APN

R000015571

APU

R000015571

Description

This exceptional commercial property at 417 N Breckenridge Avenue in Breckenridge, Texas, presents a unique investment opportunity. Boasting a substantial 12,200 square feet of space on a 1.5-acre lot with prominent highway frontage on Hwy 183 North, this historical building offers immense potential for a variety of businesses. A recently remodeled 2,500-square-foot showroom showcases an impressive design, featuring a stunning rock fireplace, an open floor plan highlighted by substantial beams, and large plate glass windows offering excellent street visibility. The remaining 9,700 square feet provides ample room for expansion, additional business ventures, or extensive warehouse storage. Its versatile layout is ideal for diverse uses, including restaurants, retail establishments, agricultural operations, or hunting-related businesses. The property's size and location in Breckenridge, TX, make it an attractive proposition for entrepreneurs seeking a substantial footprint and high visibility. The motivated seller is eager to find the right buyer to unlock the full potential of this remarkable property. This property is also available for lease under MLS#20734599.

• CAP approach

  CAP return

  Valuation

  6%

  $14,118,300

  6.5%

  $13,032,300

  7%

  $12,101,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,922,930

  Geo Method

  $15,349,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $25,391,500

  Retail / Commercial

  $13,072,700

  Mixed-Use / Specialty

  $13,067,200

  Hospitality / Lodging

  $9,640,430

  Office

  $13,032,300

  Institutional / Educational

  $13,599,300

  Residential Income

  $15,911,200

  Multifamily

  $18,855,400

  Automotive / Energy

  $11,656,500

  Parking / Income-Based Land

  $3,981,960

  Restaurant / Food Service

  $6,883,970

  Healthcare / Senior Housing

  $13,358,000

Location Insight

City

Breckenridge

County

Stephens

State

Texas

Latitude

32.7594

Longitude

-98.9032

Property Tax & Assessments

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