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Investment Highlights
- Execellent Traffic / High Visibility with Hwy 377 frontage
- Last tenant operated a very successful restarurant at this location
- Corner location with additional parking in rear of building
Executive Summary
This commercial property along the highly traveled US Highway 377 corridor in Tolar, Texas, offers a multi-use opportunity for business owners and investors seeking excellent visibility and regional connectivity. The structure spans approximately 2,428 square feet and sits on a 6,273-square-foot lot, making it well-suited for retail, office, or service-oriented businesses. Constructed in 1940, the building’s established presence along the highway provides maximum exposure to local and passing traffic, enhancing its potential for customer accessibility.
Positioned in a growing market within Hood County, the asset benefits from immediate access to major thoroughfares and proximity to communities including Granbury and Stephenville. The property is located near schools and residential areas, further supporting its viability for neighborhood-focused commercial uses. With a competitive asking price of $500,000, this property represents an appealing opportunity for those seeking to expand or establish operations in a high-traffic corridor with significant long-term growth potential.
Positioned in a growing market within Hood County, the asset benefits from immediate access to major thoroughfares and proximity to communities including Granbury and Stephenville. The property is located near schools and residential areas, further supporting its viability for neighborhood-focused commercial uses. With a competitive asking price of $500,000, this property represents an appealing opportunity for those seeking to expand or establish operations in a high-traffic corridor with significant long-term growth potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built
1940
Price
$500,000
Price Per SF
$200
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.41
Lot Size
0.14 AC
Zoning
LC - Light Commercial
Amenities
- Corner Lot
- Tenant Controlled HVAC
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R000039285 | Improvements Assessment | $391,730 |
| Land Assessment | $25,090 | Total Assessment | $416,820 |
Property Taxes
Parcel Number
R000039285
Land Assessment
$25,090
Improvements Assessment
$391,730
Total Assessment
$416,820
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8718 W Highway 377
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