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2515 E Montgomery Pl 21,375 SF 100% Leased Retail Building Wichita Falls, TX 76308 $5,269,610 CAD ($246.53 CAD/SF)
Investment Highlights
- Situated in Wichita Falls’ most active retail corridor with strong surrounding demographics.
- Zoned GC and offered at $3,850,000 with an operating tenant in place.
- Located near Midwestern State University and major retail anchors including Target and Sikes Senter Mall.
- Includes a ±7,900 SF gated yard for additional storage or operational use.
Executive Summary
This freestanding retail property offers a rare investment opportunity in the heart of Wichita Falls’ most active retail corridor. Positioned on approximately 1.28 acres, the building spans ±21,375 square feet and includes a ±7,900 SF gated yard at the rear, providing additional functionality for storage or operations. The property is zoned GC and is currently occupied by an operating tenant, ensuring immediate income potential for investors.
Located near Midwestern State University and surrounded by major national retailers, the site benefits from strong consumer traffic and excellent visibility. The area is anchored by prominent shopping destinations such as Sikes Senter Mall, Target, and Hobby Lobby Plaza, creating a robust retail ecosystem. With traffic counts exceeding 25,000 vehicles per day on nearby Southwest Parkway and strong household income levels within a five-mile radius, this property is well-positioned for long-term value appreciation.
Offered at $3,850,000, this asset combines stable tenancy with a prime location in Wichita Falls’ most vibrant retail zone, making it an attractive acquisition for investors seeking a secure and income-generating property.
Located near Midwestern State University and surrounded by major national retailers, the site benefits from strong consumer traffic and excellent visibility. The area is anchored by prominent shopping destinations such as Sikes Senter Mall, Target, and Hobby Lobby Plaza, creating a robust retail ecosystem. With traffic counts exceeding 25,000 vehicles per day on nearby Southwest Parkway and strong household income levels within a five-mile radius, this property is well-positioned for long-term value appreciation.
Offered at $3,850,000, this asset combines stable tenancy with a prime location in Wichita Falls’ most vibrant retail zone, making it an attractive acquisition for investors seeking a secure and income-generating property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,375 SF
Year Built
1987
Price
$5,269,610 CAD
Price Per SF
$246.53 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
1.28 AC
Zoning
GC
Parking
30 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
214’ on Kemp Boulevard
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 106146 | Improvements Assessment | $1,822,267 CAD |
| Land Assessment | $414,390 CAD | Total Assessment | $2,236,657 CAD |
Property Taxes
Parcel Number
106146
Land Assessment
$414,390 CAD
Improvements Assessment
$1,822,267 CAD
Total Assessment
$2,236,657 CAD
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2515 E Montgomery Pl
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