3601 N Stateline Ave., Texarkana, TX 75503 - Bowie County

Asking Price: $850,000 Building Size: 13,073 SF | Land Size: 0.80 Acres Occupancy: 32.35% | Proforma Cap Rate: 12.53% Frontage: 290.5' on N. Stateline Avenue | Year Built: 1985 Parking: 53 Spaces | Zoning: Commercial INVESTMENT HIGHLIGHTS Prime Visibility on a Major Thoroughfare: Heritage Square enjoys approximately 290 feet of frontage on N. Stateline Avenue - one of Texarkana's busiest north-south corridors with four lanes of traffic plus a dedicated turn lane. The corridor connects directly to I-30, providing outstanding exposure and accessibility for retail and service-based businesses. Strong Value-Add Opportunity: Currently 32% occupied with four tenants in place (two on long-term leases, two month-to-month), the property offers immediate income with substantial upside potential. Stabilizing the center to market rent of $1.24/SF/month projects a 12.53% proforma cap rate and nearly $16,200 in monthly gross revenue. Significant Capital Improvements: A brand-new roof was completed in October 2025 at a cost of $193,025.45, along with updated pylon sign lighting - minimizing near-term capital expenditure for a new owner. Flexible Suite Layout: Heritage Square includes 12 suites ranging from small shop space to contiguous open layouts. Units 7-11 currently flow together as one large open area and can easily be reconfigured into five separate suites to meet tenant demand. One unit is also built out for a six-station salon, offering versatility for a variety of retail or office users. Low Operating Expenses: Landlord pays only water and gas; tenants are responsible for electric. KEY DETAILS Current Income: $5,262.10/month Pro Forma Income: $16,198.90/month County Assessment: $984,447 Tenant Mix: Retail (3) and Office (1) Historic Note: Former home of Nelson's Boots & Shoes - a well-known Texarkana staple. MARKET OVERVIEW - TEXARKANA, TX Texarkana is a bi-state commercial hub serving both Texas and Arkansas, offering a strategic location at the crossroads o

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