Search


$350,000
98 BROADWAY Avenue
Groom, TX 79039
MLS# 25-4895
9800 sqft


Outside
  1 / 74  
Outside Outside Outside Outside Outside Outside Outside Outside Outside Outside Outside Unit 1 Unit 1 Unit 1 Unit 1 Unit 1 Unit 1 Unit 1 Unit 1 Unit 1 Unit 1 Unit 1 Unit 1 Unit 1 Unit 2 Unit 2 Unit 2 Unit 2 Unit 2 Unit 2 Unit 2 Unit 4 Unit 4 Unit 4 Unit 4 Unit 4 Unit 5 Unit 5 Unit 5 Unit 5 Unit 5 Unit 5 Unit 5 Unit 7 Unit 7 Unit 7 Unit 7 Unit 7 Unit 7 Unit 7 Unit 7 Unit 7 Unit 7 Unit 7 Unit 8 Unit 8 Unit 8 Unit 8 Unit 8 Unit 8 Unit 8 Unit 8 Unit 8 Unit 8 Unit 8 Unit 8 Unit 8 Unit 10 Unit 10 Unit 10 Unit 10 Unit 10 Unit 10 Unit 10

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.

Details
Maps
Contract Information
L/A Supervisor: Michael Yarrito
Supervisor's Phone #: 9094036143
L/A Supervisor License Number: 491108
Directions: From I-40 East to Groom, Exit 110, left on Broadway, Property on right
Property Information
To Be Auctioned: No
Zone: 7000 - All areas in the 7000's
Photos are Virtually Staged: No
Realtor.COM Type: Commercial
Square Foot Source: Appraisal District
List Price Per Sq. Ft.: 35.71
Current Price: $350,000
List Price: $350,000
Area: 7000 - N & E of Potter County
Status: Active
Total SqFt. (+/-): 9800
Year Built: 1931
Taxes and Legal Information
City: Groom
Legal: LTS 22 THRU 24 BLK 1 OT GROOM
Common Name: Groom
House #: 98
Street Name: BROADWAY
Street Sfx: Avenue
State/Province: TX
Postal Code: 79039
County: Carson
Type of Business
Other Business: Retail/ Multifamily
Road Frontage
City: 1
Paved Road: 1
Income/Expense
Gross Income: 40,926
Net Operating Income: 31,850.94
Total Operating Exp: 9,075.06
Utility Expense: 2,416
Construction
Brick Veneer: 1
Heating
Other Heat: Mini Split
A/C
Window Unit(s): 1
Other A/C: Mini Split
Ceiling Heights
Other Ceiling Height: Varies
Floors
Tile: 1
Wood: 1
Utilities Available
City Sewer: 1
Electric: 1
Gas: 1
Walls
Sheet Rock: 1
Property Features
Construction: Brick Veneer
Road Frontage: Paved Road
Floors: Tile; Wood
Utilities Available: City Sewer; Electric; Gas
Walls: Sheet Rock
Supplements
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.

Listing Office: Real Broker, LLC
Listing Agent: Hannah Henson

Last Updated: August - 28 - 2025

Information deemed reliable but not guaranteed.