Active

407 N Lamesa Hwy

Stanton TX, 79782

$274,900


$123.27 per sqft

Active

2,230 sqft

Commercial

Built in 1983

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.

50060491

MLS ID

July 29, 2023

Listed

May 9, 2024

Updated

Map

407 N Lamesa Hwy
Stanton TX, 79782

Interior Features

Total Stories

1


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.14 Acres


Roof

Metal


Sewer

Septic Tank

Other Property Details

Area Name

Martin Cnty


Days on Market

277


Garage

No


View

No


County

Martin


Water Source

Well


Pool

No

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