508 N Center Ave - Department Store FOR SALE


Brownwood, TX 76801
$1,500,000 USD
325-642-5416
508 N Center Ave, Brownwood, TX for Sale
$1,500,000 USD
Department Store - FOR SALE
1/40
null | Request Cap Rate

508 N Center Ave
Brownwood, TX 76801


OVERVIEW

Welcome to Shaw's Market Place, the gateway to historic Downtown Brownwood. This established business has become the destination for locals and weekend warriors alike. When someone wants to explore Brownwood, they start at Shaw's Market Place. The property is located right on the edge of Downtown Brownwood and just off of Main st., which boasted a daily traffic count of over 12,000 cars in 2023. Inside, the property has multiple tenants paying both rent and a percentage of their gross sales. This business model helps diversify cash flow and ensures that there is constant money coming in every months. The property also includes an updated outdoor space complete with a turf field, beautiful landscaping, and modern outdoor furniture. This space makes for a great place for customers to relax and enjoy downtown without leaving Shaw's Market Place. It also has untapped income potential as a rentable event venue. Do not miss out on your opportunity to own one of Downtown Brownwood's most prominent businesses.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Shaw's Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C

APN/PARCEL ID

51516

ASK ABOUT THIS PROPERTY

Mark CampbellColdwell Banker Mark Campbell & AssociatesMore Info
325-642-5416

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mark CampbellColdwell Banker Mark Campbell & AssociatesMore Info
325-642-5416

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.