407 N Lamesa Hwy, Stanton, TX 79782
Other
THB ฿9,421,730
USD $274,900
Published on: 30 Jul 2023
Last updated on: 13 Jun 2024
Property ID: 110086037130
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Key property information
Land Size
570.61 m2
Retail - Stanton, TX
407 N Lamesa Hwy, Stanton, TX 79782
Superb passive income opportunity. Fully-leased commercial strip center with big upside. Growth projections for Stanton are huge, and the upside to this property is uplifting. Small enough to self manage. Running over a 9% capitalization rate. Hard to find that high of a cap. rate anywhere in real estate. Remodeled, updated 3-unit strip center on high traffic highway- TXDOT traffic count- over 4,500/day. Excellent condition. Each unit has it's own electric meter, hvac system, and restroom.
Property Details
Basic Info
Basic Info
Property Type
Other
Listing Status
Active
Land Size
570.61 m2
Building Size
207.17 m2
Year Built
1983
Architecture Style
Other
Num Floors
1
County
Martin
Provider
The Real Estate Company
Subdivision
Koonce Acres
Brokerage Office Name
The Real Estate Company
Brokerage Office Phone
(432) 618-0286
Address
407 N Lamesa Hwy, Stanton, TX 79782
Nearby Schools
| Type | School name | District name |
|---|---|---|
| Elementary | Not available | Not available |
| High | Not available | Not available |
| Juniorhigh | Not available | Not available |
| Middle | Not available | Not available |
Contact Agent
Brandon McMorries
Contact Agent
Contact Agent
Email enquiry to The Real Estate Company
Brandon McMorries
4511 Santa Rosa Dr, Midland, TX 79707
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Property ID: 110086037130
Data provided by The Real Estate Company, MLS #: 50060491
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