Legends Plaza
$4,465,000
2327 S 57th St, Temple, TX 76504
Cap Rate
8.01%
Square Feet
44068
Year Built/Renovated
1974
INVESTMENT HIGHLIGHTS
• Priced Well Below Replacement Cost: $101/SF
• 100 Percent Occupied Retail Center Anchored by Two Tenants
• Value-Add Opportunity: The current month-to-month lease structure creates immediate flexibility for investors, owner-users, or redevelopment strategies.
• Strategically Positioned on Loop 363 (Highway 190): This location offers exceptional visibility and accessibility along one of Temple’s primary commercial thoroughfares.
• Surrounded by Established Retail, Driving Consistent Consumer Activity
• Seller Reports 1/3 of Roof Has Been Replaced in Last 10 Years
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to exclusively offer for sale Legends Plaza, located at 2327 South 57th Street in Temple, Texas. The property consists of a 44,068-square-foot retail center situated on 3.05 acres, strategically positioned along Loop 363 (Highway 190) with exposure to approximately 58,965 vehicles per day, providing exceptional visibility and accessibility.
Legends Plaza benefits from its proximity to major highways, established businesses, and a dense surrounding retail corridor. The property serves a strong trade area with approximately 100,000 residents within a 5-mile radius and is surrounded by numerous national retailers, hotels, and regional attractions, creating a dynamic retail environment with strong consumer traffic and long-term growth potential.
Scott Jones
ASSOCIATE INVESTMENTS
713-452-4359
Gus N. Lagos
SENIOR MANAGING DIRECTOR INVESTMENTS
713-452-4257
Alex Wolansky, CCIM
MANAGING DIRECTOR INVESTMENTS
