MIXED USE RE-DEVELOPMENT OPPORTUNITY IN DOWNTOWN HILLSBORO, TX
207 E Elm St
Hillsboro, TX 76645
FOR SALE
Property Type:
Mixed UseAmount:
$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