104 Elm StHillsboro, TX 76645

Property Details for 104 Elm St

Year built

1945

Lot size

0.08 AC

Property size (Sq ft)

3,264 SF

Property type

Commercial real estate

APN

113076

APU

113076

Description

This exceptional mixed-use property, located at 102 & 104 W Elm St in Hillsboro, TX, presents a compelling investment opportunity. The 3,264 square foot building, constructed in 1945, boasts two units, each approximately 1,632 square feet, situated on a 0.076-acre lot in the heart of the historic downtown square, just west of the courthouse. Currently operating as a storefront and traditional office space, the property offers high visibility on a heavily trafficked route to Lake Whitney. Unit 1 (102 W Elm St), currently leased until August 1, 2025, features two offices, each with a mini-split AC/heat unit. Unit 2 (104 W Elm St), previously a boutique, will be vacant at the end of October 2024. Both units include substantial rear storage with high ceilings and a single-stall restroom. Each unit has its own electric meter. The property is zoned for commercial use and is offered at an asking price of $245,000, with a current NOI of $3,600 and a 1.47% cap rate. The property is currently 50% occupied. Individual unit sales are possible at $180,000 each, requiring the installation of separate water meters. Detailed information is available in associated documents. This is a multi-unit investment opportunity in a high-traffic area with significant character.

• Alternative Use

  Use

  Valuation

  Residential

  $722,810

  Hospitality

  $662,090

  Educational

  $550,851

  Medical

  $569,796

  Retail

  $856,880

Location Insight

City

Hillsboro

County

Hill

State

Texas

Latitude

32.011

Longitude

-97.1317

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].