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