114 Central AveTemple, TX 76501

Property Details for 114 Central Ave

Year built

1927

Lot size

0.18 AC

Property size (Sq ft)

40,860 SF

Zone code

CA

Property type

Commercial real estate

APN

24489

APU

24489

Description

The Hawn Tower, located at 114 E Central Ave (cross streets: 4th and E Central Ave) in Temple, Texas, 76501, offers exceptional office space in a newly renovated building. Originally constructed in 1940 and completely renovated in 2023, this building boasts a blend of historic charm and modern amenities. The property is classified as retail, office, and restaurant space, currently configured as multiple suites, with a minimum divisible space of 300 square feet. A total of six suites are available within the building. The building includes elevators for convenient access to all floors. This adaptive reuse project is part of a larger development that includes residential apartments, commercial retail spaces, restaurants, and a multi-purpose performance and events hall, creating a vibrant live-work-play community. The Hawn Tower presents a unique opportunity for businesses seeking a prestigious address in a revitalized urban setting. Suite sizes range from 300 to 3200 square feet. Contact us for pricing and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $10,098,000

  6.5%

  $9,321,270

  7%

  $8,655,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,233,100

  Geo Method

  $12,233,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,289,500

  Retail / Commercial

  $9,073,850

  Mixed-Use / Specialty

  $9,205,330

  Hospitality / Lodging

  $6,966,950

  Office

  $9,321,270

  Institutional / Educational

  $9,628,380

  Residential Income

  $11,265,200

  Multifamily

  $12,602,700

  Automotive / Energy

  $8,252,900

  Parking / Income-Based Land

  $2,686,120

  Restaurant / Food Service

  $5,137,400

  Healthcare / Senior Housing

  $9,271,890

Location Insight

City

Temple

County

Bell

State

Texas

Latitude

31.0964

Longitude

-97.3394

CBSA code

28660

CBSA name

KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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