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407 N Lamesa Hwy

Stanton, TX 79782
  • $274,900
  • STATUS: Active
  • ON SITE: 295 Days
  • MLS #: 50060491
UPDATED: 58 min ago
$274,900
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,230
    SQFT
  • $123
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1983
County:
Area:

School Ratings & Info

Description

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.

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© 2024 Permian Basin Board of Realtors®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Data last updated: 2024-05-20T11:42:59.42.
www.raftercrossrealty.com/homes/141965598
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407 N Lamesa Hwy Stanton, TX 79782

  • Price: $274,900
  • Status: Active
  • On Site: 295 Days
  • Updated: 58 min ago
  • MLS #: 50060491
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,230
SQFT
$123
$/SQFT
1983
Built
Neighborhood:
Koonce Acres
County:
Martin
Area:
Martin Cnty
Property Description
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.
Exterior Features

Parking Other-See Remarks Road Frontage City StreetOther Road Surface Paved Roof MetalPitched

Interior Features

Ceiling Height Less than 20 ft Cooling Electric Heating CentralElectric

Property Features

Commercial Type Retail Restrictions Zoning Utility EasementsOther-See Remarks Sewer Septic Tank Source Sq Ft Appraiser Total Taxes 0.00 Type Lease Gross Water Sewer With PumpWell

Listing information © 2024 Permian Basin Board of Realtors®.
Listing provided courtesy of Brandon Mcmorries of The Real Estate Company: 4326180286.




© 2024 Permian Basin Board of Realtors®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Data last updated: 2024-05-20T11:42:59.42.
 
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Rafter Cross Realty
822 South Main Street, P.O. Box 8
Lovington NM, 88260