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2302 E Adams Ave 4,470 SF Retail Building Temple, TX 76501 $379,000 ($84.79/SF) 7.90% Cap Rate



Investment Highlights
- Tons of parking
- Open floor plan
- Multi use property
Executive Summary
This property offers a unique opportunity for entrepreneurial visionaries, With nearly 4,500 square feet of adaptable space on an unrestricted acre zoned for commercial use. With all utilities already on site and fully operational, buyers can focus on customizing the space to their needs. Recent upgrades, including a new roof, comprehensive spray foam insulation, new doors and windows, and a fresh coat of exterior paint, enhance the building’s appeal and functionality. Tenant has made substantial improvements and would desire to continue their lease long term. The owner, a licensed Texas real estate agent, ensures that all information is reliable, though prospective buyers are encouraged to verify details independently.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,470 SF
Building Class
B
Year Built/Renovated
1985/2023
Price
$379,000
Price Per SF
$84.79
Cap Rate
7.90%
NOI
$29,941
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.00 AC
Zoning
C
Parking
8 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
140’ on E Adams Ave
Amenities
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 41552 | Improvements Assessment | $60,142 |
| Land Assessment | $41,800 | Total Assessment | $101,942 |
Property Taxes
Parcel Number
41552
Land Assessment
$41,800
Improvements Assessment
$60,142
Total Assessment
$101,942
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2302 E Adams Ave
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