USATXSan AngeloMountain View2702 Sherwood Way
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$375,000

For Sale

2 days ago

2702 Sherwood Way, San Angelo, TX

House

MLS® 200552

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 2
Lot Size 
Approx. Age 1958
MLS® Number 200552

Property Address: 2702 Sherwood Way, San Angelo, TX, 76901

Average square foot calculated using Size range provided by listing agent.

Description

Positioned as a value-add opportunity, this 8, 550 SF multi-tenant commercial property offers a mix of retail, office, and warehouse space with strong upside potential. The property is currently configured into five units, totaling approximately 4, 550 SF of retail/office space and 4, 000 SF of warehouse space. Three units are leased, one is owner-occupied, and one is available for lease—providing both immediate income and lease-up potential. Current tenants include Freeway Insurance (973 SF), TMC Collision and Hail Repair (1, 800 SF), and Dream Shack Toys & Collectables (2, 422 SF), offering a stable mix of service and retail users. Based on existing operations and underwriting a conservative 10% vacancy factor, the property is projected to deliver an approximate 7.8% return, notably without assigning any income value to the owner's 1, 800 SF warehouse space. The asset provides upside through strategic renovations and lease optimization, with projected stabilized cap rates exceeding 10% long term. Spaces vary in condition, allowing an investor to implement targeted improvements and capture rental upside. All suites, with the exception of the owner's unit, are equipped with individual restrooms and separate electric meters, enhancing tenant functionality and flexibility. This is an ideal opportunity for an investor seeking a partially stabilized asset existing income, lease-up potential, and significant long-term yield growth.
MLS® Number200552
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1958
Basement
DrivewayDriveway, Open, On Street, Off Site, Varies by Unit
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 20, 2026List Date
$375,000List Price
  • Commute

Commute

Starting Address
Destination Address
2702 Sherwood Way, San Angelo, TX

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