115 Gilmer St | Sulphur Springs, TX 75482
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- LoopNet Team
115 Gilmer St
Sulphur Springs, TX 75482
The TAPP Building · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- SELLER FINANCING! Historic 10,000 SF building originally built in 1874 and renovated in 2016-19
- Popular “getaway” small market town along the busy I-30 corridor just 75 miles east of Dallas/Ft. Worth
- 9,600 rentable space and 6,300 cars per day pass by; 10.48 proforma cap rate!
- Located on a high-traffic artery leading into the newly revitalized award-winning town square
- $400,000 in capital improvements including exterior stucco, balconies, roof, A/C, hardwood floors, stairs, elevator, exposed ductwork, more!
- UPSIDE: Complete second floor as desired
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1906/2014
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.77
Lot Size
0.13 AC
Zoning
Heavy Commercial District
Frontage
80’ on Gilmer St
PROPERTY TAXES
| Parcel Number | R000001549 | Improvements Assessment | $955,480 |
| Land Assessment | $45,600 | Total Assessment | $1,001,080 |
PROPERTY TAXES
Parcel Number
R000001549
Land Assessment
$45,600
Improvements Assessment
$955,480
Total Assessment
$1,001,080
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