1901 Elliott StBreckenridge, TX 76424

Property Details for 1901 Elliott St

Lot size

2.11 AC

Property size (Sq ft)

16,096 SF

Property type

Commercial real estate

APN

R000015853

APU

R000015853

Description

This exceptional mixed-use property, located at 1901 W Elliott St in Breckenridge, Texas, offers 16,096 square feet of space on a 2.11-acre corner lot (91,912 sq ft). Previously used as a nursing home, this single-story building presents a unique opportunity for various commercial ventures. The property boasts 41 rooms and 24 bathrooms, providing ample space for diverse business needs, including medical facilities or other professional offices. Its design incorporates both stairs and a ramp, ensuring accessibility. The strategic location offers high visibility and convenient access. The asking price is $218,249, translating to $13.56 per square foot. The property is being sold AS IS. Owner financing is available, and credit is not a requirement. Its proximity to a hospital (2.4 miles away) makes it particularly attractive for healthcare-related businesses. This versatile property is ready for its next chapter, offering significant potential for a savvy investor. The property is situated in Stephens County, Texas, zip code 76424.

• CAP approach

  CAP return

  Valuation

  6%

  $4,432,520

  6.5%

  $4,091,560

  7%

  $3,799,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,487,450

  Geo Method

  $4,818,980

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,971,790

  Retail / Commercial

  $4,104,250

  Mixed-Use / Specialty

  $4,102,510

  Hospitality / Lodging

  $3,026,660

  Office

  $4,091,560

  Institutional / Educational

  $4,269,560

  Residential Income

  $4,995,380

  Multifamily

  $5,919,750

  Automotive / Energy

  $3,659,620

  Parking / Income-Based Land

  $1,250,160

  Restaurant / Food Service

  $2,161,250

  Healthcare / Senior Housing

  $4,193,830

Location Insight

City

Breckenridge

County

Stephens

State

Texas

Latitude

32.7511

Longitude

-98.9279

Property Tax & Assessments

FAQs

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