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98 BROADWAY Avenue, Groom, TX 79039

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For Sale

$350,000

9,800 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $35.71
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Route 66 Opportunity - Updated Historic 10-Plex with Retail, Residential & Business Potential | 98 Broadway, Groom, TX [PRICE IS SUBJECT TO INCREASE ONCE RENOVATIONS ARE COMPLETED] Own a unique, income-producing gem on historic Route 66 with this beautifully maintained 10-unit property at 98 Broadway in Groom, Texas. Located on a prominent corner lot in the heart of downtown, this versatile building includes three classic retail storefronts and eight residential units, combining vintage charm with modern functionality. Includes studio, one, two, and three-bedroom apartments. Fiber Optic Internet is available. 12-ft ceilings and original tin ceilings from the 1930s. Appliances convey property. WIlling to subdivide into any two or more adjacent units. Plumbing and electrical systems are current with a total of 10 electrical meters and two water meters. Gas heat in two units (metered separately). This property is turnkey-ready for investors, small business owners, or creatives seeking a live/work opportunity. With full occupancy projected at $5,675/month or $68,100 annually, it offers excellent cash-flow potential in a welcoming small Texas town. Limitless Possibilities - bring your ideas: Boutique retail space or exercise studio Cafe or smoothie/ice cream shop Daycare, assisted living, or community event center Gallery or artist studio Light manufacturing Barbecue restaurant or pizzeria Office suites or internet-based business Cabinet shop or workshop Consignment or antique store Storage Small business hub with residential income above Or a unique business/residence combination Prime Location: Corner property on Route 66 with excellent visibility and charm Walkable to local amenities - bank, grocery store, hardware store Classic storefronts that attract both locals and tourists Situated along a well-traveled route close to I-40 Highlights: 10 units total: 2 commercial + 6 residential + 2 retail/residential combo Modernized plumbing and electrical throughout Flexible zoning and layout support countless business ideas Motivated seller - ready to entertain serious offers Don't miss your chance to own a landmark property that blends history, income, and potentialideal for those seeking small-town life, entrepreneurial freedom, or investment growth in a rural community.
MLS# 25-4895

Courtesy Of Real Broker, LLC

(855) 450-0442

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Brick Veneer
  • Floor Covering
    Tile, Wood

Map and Directions

Directions to 98 BROADWAY Avenue, Groom, TX 79039

Home seller CENTURY 21 Boston & Company

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CENTURY 21 Boston & Company

(806) 353-9878
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.