104 Elm StHillsboro, TX 76645

For Sale
$245,000

Historic Downtown, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 102 & 104 W Elm St in Hillsboro, TX, presents a compelling investment opportunity. The 3,264 square foot building, constructed in 1945, boasts two units, each approximately 1,632 square feet, situated on a 0.076-acre lot in the heart of the historic downtown square, just west of the courthouse. Currently operating as a storefront and traditional office space, the property offers high visibility on a heavily trafficked route to Lake Whitney. Unit 1 (102 W Elm St), currently leased until August 1, 2025, features two offices, each with a mini-split AC/heat unit. Unit 2 (104 W Elm St), previously a boutique, will be vacant at the end of October 2024. Both units include substantial rear storage with high ceilings and a single-stall restroom. Each unit has its own electric meter. The property is zoned for commercial use and is offered at an asking price of $245,000, with a current NOI of $3,600 and a 1.47% cap rate. The property is currently 50% occupied. Individual unit sales are possible at $180,000 each, requiring the installation of separate water meters. Detailed information is available in associated documents. This is a multi-unit investment opportunity in a high-traffic area with significant character.

Highlights

  • High-traffic location in historic downtown Hillsboro, TX.
  • Mixed-use building (3,264 sq ft) on a 0.076-acre lot, situated near the courthouse.
  • Two 1,632 sq ft units, currently 50% occupied, offering a multi-unit investment opportunity.

Property Details for 104 Elm St

Property type
Other retail properties, Individual retail properties
Square Feet
3,264 SF
Class
B
Year Built
1945
Buildings
1
Stories
1
Lot Size (sq. ft)
3,311 SF
Units
2

Location Insight

City
Hillsboro
County
Hill
State
Texas
Latitude
32.010780189676
Longitude
-97.131664389554
104 Elm St, Hillsboro, Texas

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104 Elm St
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