115 Central AveTroy, TX 76579

Property Details for 115 Central Ave

Year built

1973

Lot size

0.16 AC

Property size (Sq ft)

800 SF

Zone code

LI

Property type

Commercial real estate

APN

42005

APU

42005

Description

This exceptional mixed-use property, located at 115 N Central Ave in Troy, Texas, presents a unique investment opportunity. Situated on I-35 frontage road, this single-story building offers 800 square feet of versatile space, ideal for a variety of commercial uses. The building's configuration includes traditional office space, along with areas suitable for retail or a coffee shop, providing flexibility for diverse business needs. Built in 1973, the property sits on a 0.16-acre lot and includes ample parking with 10 spaces. Interior features include carpet and vinyl flooring, a forced-air heating and cooling system with one zone, central air conditioning, and a durable metal roof. The property is connected to community water and municipal sewer services, ensuring reliable utilities. Owner financing options may be available. This high-visibility location on I-35 offers excellent exposure and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the thriving Troy market. The property's combination of convenient location, versatile space, and desirable features makes it a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $197,710

  6.5%

  $182,502

  7%

  $169,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $239,512

  Geo Method

  $239,512

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $338,511

  Retail / Commercial

  $177,657

  Mixed-Use / Specialty

  $180,232

  Hospitality / Lodging

  $136,406

  Office

  $182,502

  Institutional / Educational

  $188,515

  Residential Income

  $220,562

  Multifamily

  $246,748

  Automotive / Energy

  $161,584

  Parking / Income-Based Land

  $52,591.60

  Restaurant / Food Service

  $100,585

  Healthcare / Senior Housing

  $181,535

Location Insight

City

Troy

County

Bell

State

Texas

Latitude

31.2086

Longitude

-97.3018

CBSA code

28660

CBSA name

KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].