300 Elm, Glen Rose, Texas

Description

Retail-commercial multi-use investment property with approximately 1.31 acres of developable opportunities. 3 parcels included in this listing. The location is one block from the vibrant, growing, downtown Glen Rose square and across the street from the entrance to the adjacent Heritage Park, both of which are host to regional music festivals, parades, weekly city events and multiple wide area events. The main building is on almost an acre, with room for building expansion and remodeling or additional units. The adjacent empty lot is almost .40 acre. The property is designated B-1 commercial zoning which allows for a wide variety of retail, office and commercial uses. The lots are level and offer ample opportunities for parking. State Hwy 144 is a main corridor between Granbury, Glen Rose, Walnut Springs and Meridian, interconnecting to highways leading to Waco. TXDOT reports over 260,000 monthly vehicle trips supporting almost 400,000 potential customers passing this site on State Hwy 144. Property Condition Statement available. Current rental income is approximately $4,000 a month.

Directions: From Downtown Glen Rose 4-way stop go south 1 block. Property begins at corner of E. Elm-Austin Rd and Paluxy St. and continues around the bend. E. Elm is also State Hwy 144.