1103 31St StTemple, TX 76504

Property Details for 1103 31St St

Year built

1971

Lot size

0.29 AC

Property size (Sq ft)

1,833 SF

Zone code

GR

Property type

Commercial real estate

APN

4947

APU

4947

Description

This exceptional Temple, Texas property offers 1,833 square feet of versatile space, ideally suited for a variety of businesses. The building, renovated in 2023, features two suites, with one currently available at 1,109 square feet. The property's zoning is GR - General Retail, allowing for flexible use as traditional office, medical office, or creative office space, or a combination thereof. Ample parking is provided with 14 spaces. The single-story building boasts a highly desirable location on South 31st Street in Temple, TX, zip code 76504. This central location offers easy access to IH-35 and HK Dodgen Loop, ensuring convenient commutes for employees and clients. The area is thriving, with nearby established businesses including Paper Graphics, Fast Signs, Auto Zone, NAPA, Farmers Insurance, Edward Jones, Animal Medical Care, Precious Memories, Lastovica Jewelers, and Tisdale Law Firm, creating a strong commercial environment. This is a fantastic opportunity to establish or expand your business in a vibrant and accessible location. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $453,003

  6.5%

  $418,157

  7%

  $388,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $548,782

  Geo Method

  $548,782

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $775,614

  Retail / Commercial

  $407,057

  Mixed-Use / Specialty

  $412,956

  Hospitality / Lodging

  $312,541

  Office

  $418,157

  Institutional / Educational

  $431,934

  Residential Income

  $505,363

  Multifamily

  $565,362

  Automotive / Energy

  $370,229

  Parking / Income-Based Land

  $120,501

  Restaurant / Food Service

  $230,466

  Healthcare / Senior Housing

  $415,942

Location Insight

City

Temple

County

Bell

State

Texas

Latitude

31.09

Longitude

-97.3614

CBSA code

28660

CBSA name

KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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