1207 Loop 340Bellmead, TX 76705

For Sale
$995,000 View listing
  • Commercial real estate
  • 2,892 SF

Property Details for 1207 Loop 340

Year built
2006
Construction
WOOD FRAME
Lot size
0.81 AC
Property size (Sq ft)
2,892 SF
Zone code
C1
Property type
Commercial real estate
APN
280579000005006
APU
280579000005006

Description

This exceptional 2,892 square foot Class "A" retail building is situated on a 0.81-acre lot at a signalized corner location on N Loop 340. Its strategic placement offers unparalleled visibility from Interstate 35, Lake Shore Drive (FM 3051), and New Dallas Highway (US Business 77), ensuring high traffic exposure. The property boasts a single-tenant occupancy, previously housing a pharmacy, and features a highly desirable 4-5 drive-thru lanes, perfect for quick-service restaurants or similar businesses. Dedicated pylon signage further enhances visibility and brand recognition. The building's design, originally intended for a bank, offers a versatile layout adaptable to various retail uses. Its location within close proximity to numerous quick-service restaurants, medical facilities, banks, and other retailers provides a strong foundation for success. This outparcel is surrounded by national retailers, creating a vibrant and thriving commercial environment. The property presents a unique opportunity for businesses seeking high visibility and convenient access to a dense population base. The combination of its prime location, excellent visibility, and versatile design makes this an exceptional investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $647,272
    Hospitality
    $592,898
    Educational
    $493,284
    Medical
    $510,249
    Retail
    $767,330
1207 Loop 340, Bellmead, Texas

Location Insight

City
Waco
County
Mclennan
State
Texas
Latitude
31.6043
Longitude
-97.1105
CBSA code
47380
CBSA name
WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$30,612
$758,830
$944,480
$1,703,310
-
$758,830
$944,480
$1,703,310

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