A fully leased, high-visibility retail property in the heart of downtown Alpine is now on the market for $1.75 million. The 8,000-square-foot building at 504 E Avenue E, home to Highland Drug Store and three other long-standing tenants, presents a rare investment opportunity in Brewster County.
Built in 1971 and located on a corner lot with 142 feet of frontage, the property sits on over half an acre in a walkable, high-traffic corridor near Sul Ross State University, the Big Bend Regional Medical Center, and the public library.
According to the listing, tenants pay property taxes and insurance, while the current owner handles maintenance. The property is fully occupied, with annual rental income reported at just under $100,000 and a net operating income of $54,250, reflecting a 3.10% cap rate. The sale includes businesses such as Reliance Medical Supplies, a karate studio, and a dry cleaner, alongside Highland Drug Store.
The building has recently received a new roof and interior upgrades, and offers 20 paved parking spaces for both customers and tenants.
“This is a well-maintained, income-generating asset in one of West Texas’ most unique and vibrant small towns,” said listing agent Dan Mata, who can be reached at (559) 795-9795 for showings or inquiries.
With Alpine’s strong base of local institutions and a growing reputation as a cultural and tourist destination, the offering is likely to appeal to both regional investors and buyers seeking a stable retail asset with upside potential in the Big Bend region.
