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106 E Elm St - Commercial Building with a Tenant! 3,744 SF Specialty Building Offered at $275,000 in Hillsboro, TX 76645
Investment Highlights
- Established Tenant
- Located in Historic Downtown Hillsboro
Executive Summary
Grab a downtown building while it's still affordable! Hillsboro is experiencing popularity and transformation as heavy development is underway. This 3,744 SQFT commercial building sits right off the famous Courthouse and offers EXCELLENT visibility in a high-traffic area with convenient walkability to local restaurants, bars, retail shops, and other downtown attractions. Situated right across from The Yard featuring live concerts and special events where large gatherings linger around. Currently leased and operating as a bar & pool hall, the property features a functional bar setup complete with kitchen area, restrooms, and a covered back patio perfect for additional seating or entertainment space. Upstairs is currently used as storage space but has potential for conversion into office space. The property also includes rear access from a one-way road with a back covered porch used for overflow seating. Back access adds convenience for deliveries, storage access, or future improvements. Situated in a growing town with continued downtown activity and development, this property presents a strong opportunity for investors looking to add an income-producing commercial property to their portfolio.
Property Facts
| Price | $275,000 | Building Size | 3,744 SF |
| Price Per SF | $73.45 | No. Stories | 2 |
| Sale Type | Investment | Year Built/Renovated | 1960/2023 |
| Property Type | Specialty | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | Commercial - Central Business District | ||
| Price | $275,000 |
| Price Per SF | $73.45 |
| Sale Type | Investment |
| Property Type | Specialty |
| Building Class | C |
| Building Size | 3,744 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Central Business District |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 134130 | Improvements Assessment | $41,770 |
| Land Assessment | $34,190 | Total Assessment | $75,960 |
Property Taxes
Parcel Number
134130
Land Assessment
$34,190
Improvements Assessment
$41,770
Total Assessment
$75,960
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106 E Elm St - Commercial Building with a Tenant!