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Listed by Brandon Sanders Steve Eustis Co., Realtors

$375,000

Est. payment - /mo

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8,550 SqFt

New

2702 Sherwood WAY San Angelo, TX 76901

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Chris ''Chill'' Hill

chill@remaxsanangelo.com +1(325) 245-8350

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,550 sqft

Price per Sqft $43

Subdivision Mountain View

MLS Listing ID 200552

Construction Status Fixer

Year Built 1958

Lot Size 0.275 Acres

Acres 0.28

Property Sub-Type Mixed Use

Source San Angelo Association of REALTORS®

Property Description

Positioned as a value-add opportunity, this 8,550 SF multi-tenant commercial property offers a mix of retail, office, and warehouse space with strong upside potential. The property is currently configured into five units, totaling approximately 4,550 SF of retail/office space and 4,000 SF of warehouse space. Three units are leased, one is owner-occupied, and one is available for lease—providing both immediate income and lease-up potential. Current tenants include Freeway Insurance (973 SF), TMC Collision and Hail Repair (1,800 SF), and Dream Shack Toys & Collectables (2,422 SF), offering a stable mix of service and retail users. Based on existing operations and underwriting a conservative 10% vacancy factor, the property is projected to deliver an approximate 7.8% return, notably without assigning any income value to the owner's 1,800 SF warehouse space. The asset provides upside through strategic renovations and lease optimization, with projected stabilized cap rates exceeding 10% long term. Spaces vary in condition, allowing an investor to implement targeted improvements and capture rental upside. All suites, with the exception of the owner's unit, are equipped with individual restrooms and separate electric meters, enhancing tenant functionality and flexibility. This is an ideal opportunity for an investor seeking a partially stabilized asset existing income, lease-up potential, and significant long-term yield growth.

Location

State TX

County Tom Green

Community Mountain View

Zoning CG/CH

Direction the property is on the NNW corner of Hatcher/Sherwood Way

Interior

Heating Central

Cooling Central Air

Flooring Combination

Inclusions Building

Heat Source Central

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Connected

Roof Type Composition, Rolled/Hot Mop

Present Use Mixed Use

Private Pool No

Building

Building Description Frame, Frame

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 20-36100-0038-013-00

Acceptable Financing Cash, Conventional, Lease Back

Listing Terms Cash, Conventional, Lease Back

NEARBY SCHOOL & BUSINESS

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Chris ''Chill'' Hill

Broker/Team Leader | License ID: 535068

+1(325) 245-8350

2702 Sherwood WAY San Angelo, TX 76901

Chris ''Chill'' Hill

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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2702 Sherwood WAY