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98 BROADWAY Avenue, Groom, TX 79039 (MLS# 25-4895)

98 BROADWAY Avenue, Groom, TX 79039

$350,000
Property Type: Commercial Square Footage: 9,800 Status: Active
Current Price: $350,000 Last Modified: 8/28/2025

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.

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.

More Information MLS# 25-4895

Property Information

Current Price: $350,000 To Be Auctioned: No List Price: $350,000 Zone: 7000 - All areas in the 7000's Area: 7000 - N & E of Potter County Status: Active Realtor.COM Type: Commercial Total SqFt. (+/-): 9800 Square Foot Source: Appraisal District List Price Per Sq. Ft.: 35.71 Year Built: 1931 Photos are Virtually Staged: No

Taxes and Legal Information

House #: 98 Street Name: BROADWAY Street Sfx: Avenue State/Province: TX Postal Code: 79039 County: Carson Legal: LTS 22 THRU 24 BLK 1 OT GROOM Common Name: Groom

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

Type of Business

Other Business: Retail/ Multifamily

Ceiling Heights

Other Ceiling Height: Varies

Heating

Other Heat: Mini Split

Property Features

Construction: Brick Veneer Road Frontage: Paved Road Floors: Tile; Wood Utilities Available: City Sewer; Electric; Gas Walls: Sheet Rock
Listing Office: Real Broker, LLC
Listing Agent: Hannah Henson
Last Updated: August - 28 - 2025
Information deemed reliable but not guaranteed.

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  • 5601 Enterprise Circle Amarillo, Texas 79106

  • 806 358 7736

  • info@amarillorealtors.org

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