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617 S Main St 1,860 SF Retail Building Seminole, TX 79360 $554,000 ($297.85/SF) 8.50% Cap Rate
EXECUTIVE SUMMARY
This retail property at the prominent corner of Main Street and Avenue G in Seminole, TX, offers exceptional visibility and steady traffic along Hwy 385. Home to Number One Buffet, the building was remodeled in 2022 and is well-positioned for a variety of retail or restaurant uses. A billboard on-site provides additional income potential, further enhancing the property’s investment appeal. Its central location in the heart of Seminole’s commercial corridor makes it an ideal opportunity for an investor seeking a highly visible space in West Texas.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,860 SF
Building Class
C
Year Built/Renovated
1977/2022
Price
$554,000
Price Per SF
$297.85
Cap Rate
8.50%
NOI
$47,090
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.37 AC
Frontage
115’ on MAIN ST
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 48921 | Improvements Assessment | $66,660 |
| Land Assessment | $97,750 | Total Assessment | $164,410 |
PROPERTY TAXES
Parcel Number
48921
Land Assessment
$97,750
Improvements Assessment
$66,660
Total Assessment
$164,410
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617 S Main St
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