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$140,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 108 E Lipan Dr
General
- Price: $140,000
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21332317
- Updated: 7/18/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Franchise, Other
Interior
- Flooring: Carpet, Wood
Parking
- Parking Features: Direct Access, Paved, On Street, Unassigned
Location
- County: Hood
- Subdivision: Lipan
- Driving Directions: Located downtown Lipan. GPS friendly.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Roof: Metal
- Stories/Levels: 2
- Square Feet: 2,880
- Sq. Ft. Source: Assessor
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.135
- Lot Size (Sq. Ft.): 5,880.6
- Lot Size Source: Assessor
- Frontage: City Street
- Potential Use: Other
- Zoning: None.
Financial Considerations
- Tenant Pays: All Utilities
Disclosures and Reports
- Exclusions: Personal Property.
- Inclusions: Building Only
- Property ID: R000094625
Listed by Clark Real Estate Group, Jade Addison
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Schools
Schools serving 108 E Lipan Dr
School District:Lipan Independent School District
| Name | Grades | Distance |
|---|---|---|
Lipan Elementary School 211 North Kickapoo Street, Lipan, TX 76462 | PK-6 | 0.2 mi |
Lipan High School 211 North Kickapoo Street, Lipan, TX 76462 | 7-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 108 E Lipan Dr
Date
Details
Price
Change
Source
7/17/2026
Listed
$140,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 108 E Lipan Dr
108 E Lipan Drive, Lipan, TX 76462 (MLS# 21332317) is a Business property. 108 E Lipan Drive is currently listed for $140,000 and was received on July 17, 2026. Want to learn more about 108 E Lipan Drive? Do you have questions about finding other Business real estate for sale in Lipan? You can browse all Lipan real estate or contact a Coldwell Banker agent to request more information.

