About 300 W Commerce Street
Prime NNN investment opportunity featuring a national tenant, Verizon Wireless, currently under lease through August 31, 2028. This property offers a strong 8% cap rate and stable, long-term income from one of the nation’s leading wireless providers. Strategically positioned along W Commerce Street, US Hwy 67, one of Brownwood’s busiest commercial corridors the site benefits from an average daily traffic count of 17,366 vehicles, ensuring exceptional visibility and consistent exposure. The building is well-maintained, with modern construction and an attractive retail façade that complements surrounding national retailers. Ample parking and easy ingress and egress from the front and the back make this a turnkey, passive income property ideal for both seasoned and new investors alike.
Features of 300 W Commerce Street
| MLS® # | 21083147 |
|---|---|
| Price | $615,000 |
| Bathrooms | 0.00 |
| Acres | 0.58 |
| Year Built | 1971 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 300 W Commerce Street |
|---|---|
| Subdivision | J R Looney Hwy Add |
| City | Brownwood |
| County | Brown |
| State | TX |
| Zip Code | 76801-1808 |
Amenities
| Utilities | Asphalt, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter |
|---|---|
| Garages | Additional Parking, Asphalt, Direct Access |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Heating | Central |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Roof | Asphalt, Spanish Tile |
|---|---|
| Construction | Stucco |
| Foundation | Slab |
Additional Information
| Flooring | Vinyl, Varies |
|---|---|
| Special Notes. | Flood Plain |
| Building Sqft | 1,939 |
| # Units | 1 |
| Building Use | Retail |
| Commercial Features | Retail |
| Zoning | M1 Restricted Industrial Districe |
Listing Details
| Agent | Jason Gray |
|---|---|
| Office | Coldwell Banker - Mark Campbell & Assc |
| Contact Info | 325-646-1547 |