MIXED USE RE-DEVELOPMENT OPPORTUNITY IN DOWNTOWN HILLSBORO, TX

207 E Elm St Hillsboro, TX 76645

207 E Elm St, Hillsboro, TX, 76645
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FOR SALE
Property Type:
Mixed Use
Amount:
$450,000
Cap Rate:
0.00%
Last Verified:
Jan 02, 2024

Seller is negotiable and will consider reasonable offers. Possible seller financing available. FOR SALE! Mixed Use development opportunity in downtown Hillsboro, TX. The city of Hillsboro is located along IH-35 and between Dallas-Ft Worth and Waco. The building is 3 floors (2 stories with a mezzanine) and approximately 15,000 sf of wide open space. The layout offers ample opportunity to re-develop into a mixed used income-generating property. The location is ideal for retail & office uses being on one of the main thoroughfares in the downtown area. Current Zoning (Central Business District) allows for many flexible uses including retail, restaurant, office, condo, multifamily…etc. The building is currently set up for retail/office on the 1st floor and residential on the 3rd floor. There are incentive programs available through the city to assist with re-development. To see additional property pictures and information…please visit our website @ http://bwetzel.kellyrealtorscommercial.com/p/207-E-Elm-St-Hillsboro-TX-76645/dmgid_158007076 For more information on the incentives offered…please visit…https://www.hillsborotx.org/main-street-program Hillsboro Community Development / Zoning Ordinance - https://www.hillsborotx.org/departments/CommunityDevelopment Investment Highlights: Approximately 15,000 sf 3 story/floors City incentives available for re-development Central, Downtown location Flexible CBD Zoning Good, Local Consumer Traffic Retail/Office on the 1st and 2nd floor Residential on the 3rd floor

Additional URLs

Map of 207 E Elm St, Hillsboro, TX, 76645

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.