711 S 1st St
Temple, TX 76504
Temple Mixed Use Investments · Property For Sale · 6,449 SF Total

This offering presents a dual-building retail and restaurant investment opportunity along S. 1st Street in Temple, Texas. The property spans approximately 0.51 acres and includes two freestanding structures: a 3,579 SF metal building currently under a modified gross lease through March 2027, and a 2,870 SF drive-thru restaurant building available for lease. The site benefits from multiple points of ingress and egress, dedicated signage, and strong visibility along a well-traveled corridor with traffic counts exceeding 8,000 vehicles per day.
Positioned near Downtown Temple, the property is surrounded by established retailers, healthcare facilities, and educational institutions, including Baylor Scott & White Medical Center and Temple College. The location offers convenient access to major thoroughfares, including I-35 and US-190, enhancing connectivity to the broader Central Texas region.
With a listed price of $795,000 and a projected pro forma cap rate of 9.4%, this asset provides investors with immediate income from an existing tenant and upside potential through lease-up of the restaurant space. The combination of stable cash flow, redevelopment flexibility, and proximity to key demand drivers makes this property a compelling acquisition for investors seeking long-term value in a growing market.