108 E Lipan Drive, Lipan, TX 76462
Lipan · Hood County
Key Facts
Description
Own a piece of Lipan history with this distinctive commercial property located in the heart of downtown. Originally constructed in 1940, this building has played an important role in the community over the years, serving as the local movie theater, the telephone company, and later the funeral home chapel. Remodeled in 2025, the property seamlessly blends historic character with modern functionality, making it an excellent opportunity for a wide range of commercial uses. The welcoming front lobby provides an inviting reception area for clients and customers. A central hallway leads to four private offices, a shared restroom, generous storage space, and a practical floor plan designed to accommodate professional offices, retail, boutique services, or other business ventures. Whether you're expanding your business, launching a new enterprise, or seeking a unique investment property, this beautifully updated downtown location offers exceptional versatility, timeless character, and outstanding potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1940
Stories
2
Living Area
2,880 sq ft
Lot Size
0.14 acres
Days on Market
2
MLS® Listing#
21332317
Property Features
Cooling
Heating
Flooring
Parking
Construction
Foundation
Roof
Sewer
Water Source
Financial Details
Parcel Number
R000094625
Directions
Located downtown Lipan. GPS friendly.
Affordability Calculator
$28,000
Estimated monthly payment
$745/mo
Principal $112,000 · Est. interest $156,250 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lipan, TX
- $720,000
- Median Listing Price
- 54
- Median Days on Market
- 2,376
- Median Sq Ft
- $280
- Median Price / Sq Ft
- 40
- Active Listings
- This home’s price is 81% below the area median.
- Its price per sq ft is 83% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lipan, TX.
Location
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Points of Interest in Lipan, TX
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 706 Rory Crossing, Lipan, TX | $99,000 | — | — | — |
| 145 Gilmore Court, Lipan, TX | $100,000 | — | — | — |
| 124 Gilmore Court, Lipan, TX | $104,999 | — | — | — |
| 130 Gilmore Court, Lipan, TX | $105,000 | — | — | — |
| 485 Hollow Drive, Lipan, TX | $105,000 | — | — | — |
| 184 Gilmore Court, Lipan, TX | $114,900 | — | — | — |
Moving Cost Estimate
EXIT Agents in Lipan
Listing Courtesy: Clark Real Estate Group - (817) 458-0402
Presented by: Jade Addison
Last Updated: 2026-07-16