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98 BROADWAY Avenue, Groom, TX 79039
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$350,000
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Home Details for 98 BROADWAY Avenue
Price
$350,000
Type
Commercial/Industrial
Year Build
1931
County
Carson
MLS®️ Listing#
25-4895
On exitrealty.com
136 days
Property Description
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
Café 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.
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- Cooling Information
- Window Unit(s)
- Utilities
- Natural Gas Available
Listing Courtesy: Real Broker, LLC - 855-450-0442. Presented by: Hannah Henson
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Market statistics compiled from data from Amarillo Association of Realtors.
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$350,000
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EXIT REALTY OF LUBBOCK
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