212 1St StDumas, TX 79029

Property Details for 212 1St St

Lot size

2.23 AC

Property size (Sq ft)

261,772 SF

Property type

Commercial real estate

APN

114195

APU

114195

Description

This 76,650-square-foot retail shopping center in Dumas, Texas, is situated on a 6.4-acre lot at the main intersection of US Hwy 287 and Hwy 87, a high-traffic area. Currently occupied in part by a church, the property previously served as a retail center and offers significant potential. The building features 122 designated parking spaces with additional parking available. The south 30,000 square feet is vacant, previously occupied by a grocery store. The remaining 46,650 square feet is occupied by the church, featuring office space, classrooms, a large sanctuary, and a large entryway. The property boasts a newly installed (June 2020) TPO roof with a 20-year warranty (excluding the vacant 30,000 SF). The entire façade was renovated when the church purchased the building. The asking price is $4,800,000. Dumas, a growing town of approximately 14,000 residents, serves as a regional hub for surrounding communities in the Texas Panhandle. This presents a unique opportunity for redevelopment or continued use as a mixed-use property. The property's prime location and substantial size make it an attractive investment opportunity. The existing infrastructure, including ample parking and recent roof installation, minimizes immediate capital expenditure needs.

• Alternative Use

  Use

  Valuation

  Residential

  $42,516,068

  Hospitality

  $38,944,492

  Educational

  $32,401,360

  Medical

  $33,515,692

  Retail

  $50,402,116

Location Insight

City

Dumas

County

Moore

State

Texas

Latitude

35.8663

Longitude

-101.975

CBSA code

20300

CBSA name

DUMAS, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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