405 Ridgeway DrCleburne, TX 76033

For Sale
$795,000

Prime Cleburne location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity in Cleburne, Texas, presents a compelling prospect for astute investors. Located at 405 N Ridgeway Dr, 76033, this property encompasses a substantial 10,612 square feet of office and land, currently operating at 20% occupancy. The property features two buildings: a 6,480 square foot, two-story structure built in 1975, and a 4,132 square foot, single-story building constructed in 1990. The older building offers six leasable spaces, four of which are currently occupied, while the newer building has two spaces, one leased and one available. The flexible layout allows for customization, with spaces ranging in size from approximately 2,160 to 2,646 square feet, easily adaptable to suit various tenant needs. Ample parking is available for tenants and visitors. This Class B property is offered at an asking price of $795,000 and presents a unique chance to capitalize on the thriving Cleburne business environment. The property's multi-tenant structure and potential for increased occupancy make it an attractive investment with significant upside. Johnson County's robust economy and strategic location further enhance this property's appeal. This is a modified lease type property.

Highlights

  • Excellent investment opportunity in Cleburne's central business district.
  • Two-story front building (6,480 SF, 1975 construction) features seven lease spaces.
  • One-story rear building (4,132 SF, 1990 construction) includes two lease spaces.
  • Flexible floor plans allow for adaptable office space configurations.
  • Two spaces currently leased; ample parking available.

Property Details for 405 Ridgeway Dr

Property type
Other office properties, Other land
Square Feet
10,612 SF
Class
B

Location Insight

City
Cleburne
County
Johnson
State
Texas
Latitude
32.3448167
Longitude
-97.4119013
405 Ridgeway Dr, Cleburne, Texas

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405 Ridgeway Dr
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