100 Magnolia AveHubbard, TX 76648

Property Details for 100 Magnolia Ave

Lot size

0.48 AC

Property size (Sq ft)

3,072 SF

Property type

Commercial real estate

APN

117481

APU

117481

Description

This 3,072 square foot retail building located at 100 S Magnolia Avenue in Hubbard, TX presents a unique investment opportunity. Situated on a 0.48-acre lot in the heart of downtown Hubbard, this property boasts significant potential for redevelopment. The building, formerly a mower repair facility, includes a parts area and features substantial original wood framing. While the roof was damaged by high winds and a portion of the building has collapsed, a significant portion remains structurally sound and offers a solid foundation for renovation. The sale includes all existing contents, offering potential for scrap recovery. The property's prime location on a main street in Hubbard, a growing city near Waco, makes it an attractive proposition for entrepreneurs seeking a high-visibility location. The "as-is" sale allows for flexibility in planning and redevelopment, capitalizing on the existing structure and its considerable potential. The seller is motivated to find a new owner and is willing to transfer the property in its current condition. This presents a chance to acquire a substantial downtown property at a compelling price point of $100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $593,799

  6.5%

  $548,123

  7%

  $508,971

• Comparable approach

  Method

  Valuation

  Relative Method

  $335,204

  Geo Method

  $919,726

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,071,030

  Retail / Commercial

  $550,804

  Mixed-Use / Specialty

  $550,090

  Hospitality / Lodging

  $405,209

  Office

  $548,123

  Institutional / Educational

  $572,318

  Residential Income

  $669,612

  Multifamily

  $796,173

  Automotive / Energy

  $490,558

  Parking / Income-Based Land

  $168,052

  Restaurant / Food Service

  $288,771

  Healthcare / Senior Housing

  $562,826

Location Insight

City

Hubbard

County

Hill

State

Texas

Latitude

31.845

Longitude

-96.794

Property Tax & Assessments

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