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108 E Lipan Dr 2,880 SF Retail Building Lipan, TX 76462 $140,000 ($48.61/SF)



Investment Highlights
- Historic downtown Lipan commercial building
- Four private offices
- Flexible layout for multiple business types
- Originally constructed in 1940, renovated in 2025
- Welcoming reception and lobby area
- Suitable for office, retail, boutique, service, or specialty commercial uses
Executive Summary
Recently remodeled in 2025, the building successfully combines historic charm with modern functionality. The updated interior offers a welcoming front lobby, a central hallway, four private offices, a shared restroom, and ample storage space. The flexible layout supports a variety of business models, including professional offices, retail operations, boutique service providers, creative workspaces, and other commercial ventures.
Located in downtown Lipan, the property benefits from convenient access, community visibility, and a walkable setting. Its blend of architectural character, recent renovations, and adaptable floor plan creates an attractive opportunity for owner-users, entrepreneurs, and investors seeking a distinctive commercial asset.
Own a piece of Lipan history with this distinctive commercial property located in the heart of downtown. Originally constructed in 1940, this building has played an important role in the community over the years, serving as the local movie theater, the telephone company, and later the funeral home chapel. Remodeled in 2025, the property seamlessly blends historic character with modern functionality, making it an excellent opportunity for a wide range of commercial uses. The welcoming front lobby provides an inviting reception area for clients and customers. A central hallway leads to four private offices, a shared restroom, generous storage space, and a practical floor plan designed to accommodate professional offices, retail, boutique services, or other business ventures. Whether you're expanding your business, launching a new enterprise, or seeking a unique investment property, this beautifully updated downtown location offers exceptional versatility, timeless character, and outstanding potential.
Located in downtown Lipan, the property benefits from convenient access, community visibility, and a walkable setting. Its blend of architectural character, recent renovations, and adaptable floor plan creates an attractive opportunity for owner-users, entrepreneurs, and investors seeking a distinctive commercial asset.
Own a piece of Lipan history with this distinctive commercial property located in the heart of downtown. Originally constructed in 1940, this building has played an important role in the community over the years, serving as the local movie theater, the telephone company, and later the funeral home chapel. Remodeled in 2025, the property seamlessly blends historic character with modern functionality, making it an excellent opportunity for a wide range of commercial uses. The welcoming front lobby provides an inviting reception area for clients and customers. A central hallway leads to four private offices, a shared restroom, generous storage space, and a practical floor plan designed to accommodate professional offices, retail, boutique services, or other business ventures. Whether you're expanding your business, launching a new enterprise, or seeking a unique investment property, this beautifully updated downtown location offers exceptional versatility, timeless character, and outstanding potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,880 SF
Year Built/Renovated
1940/2025
Price
$140,000
Price Per SF
$48.61
Tenancy
Single
Building Height
1 Story
Building FAR
0.50
Lot Size
0.13 AC
Parking
12 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
59’ on E Lipan
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R000094625 | Improvements Assessment | $13,970 |
| Land Assessment | $4,730 | Total Assessment | $18,700 |
Property Taxes
Parcel Number
R000094625
Land Assessment
$4,730
Improvements Assessment
$13,970
Total Assessment
$18,700
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