708 Main StBlanket, TX 76432

Property Details for 708 Main St

Lot size

0.07 AC

Property size (Sq ft)

1,463 SF

Property type

Commercial real estate

APN

48620

APU

48620

Description

This exceptional 1,463 square foot office building presents a unique investment opportunity in the heart of downtown Blanket, Texas. Situated on a 0.07-acre lot at 708 Main Street, this property enjoys a highly desirable location adjacent to the Pearl Cactus, a recently opened and popular dining establishment. The building's prime location ensures high visibility and accessibility, making it ideal for a business seeking a strong storefront presence. The interior layout is well-designed and functional, featuring a welcoming reception area, six generously sized private offices, and a convenient break room with a restroom. The building offers significant potential for immediate occupancy, although the buyer will be responsible for connecting water and sewer services, as well as restoring electrical functionality. This property is being sold in its current "as-is" condition, presenting a chance to acquire a valuable asset at an attractive price point of $74,000. The building's strategic location and versatile layout make it suitable for a variety of professional uses, offering a compelling opportunity for growth and success in a thriving Texas town. Don't miss this chance to establish your business in a vibrant and rapidly developing area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $456,789

  6.5%

  $421,652

  7%

  $391,534

• Comparable approach

  Method

  Valuation

  Relative Method

  $263,877

  Geo Method

  $438,008

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $833,346

  Retail / Commercial

  $426,707

  Mixed-Use / Specialty

  $424,690

  Hospitality / Lodging

  $310,937

  Office

  $421,652

  Institutional / Educational

  $441,330

  Residential Income

  $516,356

  Multifamily

  $622,035

  Automotive / Energy

  $378,283

  Parking / Income-Based Land

  $131,030

  Restaurant / Food Service

  $219,828

  Healthcare / Senior Housing

  $436,020

Location Insight

City

Blanket

County

Brown

State

Texas

Latitude

31.8245

Longitude

-98.7878

CBSA code

15220

CBSA name

BROWNWOOD, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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