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504 N Oak St 9,452 SF 100% Leased Office Building Roanoke, TX 76262 $3,499,000 ($370.19/SF) 7.54% Cap Rate
Investment Highlights
- Fully leased mixed-use property in Roanoke’s historic entertainment district.
- Approximately 9,452 SF across two buildings on 19,320 SF lot.
- Exceptional visibility with walkable access to popular dining and retail destinations.
- Income from eight diverse office and retail suites, plus a well-performing restaurant.
- Zoned Oak Street Special District allowing for varied commercial applications.
- Situated within a region experiencing strong population and income growth, with convenient proximity to Highway 377, SH 114, and I-35W.
Executive Summary
Historic Downtown Roanoke Mixed-Use Investment Opportunity
504 N Oak Street I Roanoke, Texas
Positioned in the heart of Roanoke's thriving Oak Street entertainment district, this exceptional mixed-use investment offers a rare opportunity to acquire a fully leased commercial property in one of North Texas' fastest-growing markets. The property consists of two well-maintained buildings totaling 9,452 square feet on approximately 19,320 square feet of land, featuring eight income-producing office and retail suites, including a well-established owneroccupied restaurant.
Located within Roanoke's highly desirable Oak Street Zone, the property benefits from exceptional visibility, walkability, and convenient access to Highway 377, SH 114, and l-35W. Surrounded by popular restaurants, retail, and entertainment destinations, this location continues to attract businesses and visitors alike.
Investment highlights
Investment highlights include
• 100% occupied multi-tenant property
• Eight office and retail suites generating stable income
• Established restaurant occupying the freestanding building
• Approximately 9,452 SF across two buildings
• 19,320 SF commercial site
• Zoned Oak Street (OAK-sn allowing a variety of commercial uses
• Furniture, fixtures, and equipment included with the restaurant (excluding inventory, which is negotiable)
• Prime location in Roanoke's vibrant historic downtown district
504 N Oak Street I Roanoke, Texas
Positioned in the heart of Roanoke's thriving Oak Street entertainment district, this exceptional mixed-use investment offers a rare opportunity to acquire a fully leased commercial property in one of North Texas' fastest-growing markets. The property consists of two well-maintained buildings totaling 9,452 square feet on approximately 19,320 square feet of land, featuring eight income-producing office and retail suites, including a well-established owneroccupied restaurant.
Located within Roanoke's highly desirable Oak Street Zone, the property benefits from exceptional visibility, walkability, and convenient access to Highway 377, SH 114, and l-35W. Surrounded by popular restaurants, retail, and entertainment destinations, this location continues to attract businesses and visitors alike.
Investment highlights
Investment highlights include
• 100% occupied multi-tenant property
• Eight office and retail suites generating stable income
• Established restaurant occupying the freestanding building
• Approximately 9,452 SF across two buildings
• 19,320 SF commercial site
• Zoned Oak Street (OAK-sn allowing a variety of commercial uses
• Furniture, fixtures, and equipment included with the restaurant (excluding inventory, which is negotiable)
• Prime location in Roanoke's vibrant historic downtown district
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,452 SF
Building Class
C
Year Built
1985
Price
$3,499,000
Price Per SF
$370.19
Cap Rate
7.54%
NOI
$263,716
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,726 SF
Slab To Slab
11’
Building FAR
0.49
Lot Size
0.44 AC
Zoning
Commercial
Parking
18 Spaces (1.9 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R73360 | Improvements Assessment | $54,560 |
| Land Assessment | $811,440 | Total Assessment | $866,000 |
Property Taxes
Parcel Number
R73360
Land Assessment
$811,440
Improvements Assessment
$54,560
Total Assessment
$866,000
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