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Opportunity Zone
102 Fisk Ave
Historic Property | Brownwood TX
Listing Contacts
License: TX TX 497300
Active
Asking Price: $750,000
Address
102 Fisk Ave, Brownwood, TX 76801
Show on MapDate Added
Sep 9, 2024
Days on Market
223 days
Time Since Last Update
95 days
Details
Property TypeRetail
SubtypeRestaurant
Investment TypeRedevelopment
Lease TypeNN
TenancySingle
Remaining Term4 years
Square Footage24,985
Occupancy100%
NOI$40,000
Year Built1876
Year Renovated2019
Stories2
Lot Size (acres)1
Parking (spaces)40
INTELLIGENCEMarketing Description
This amazing and well-preserved historical property is in Downtown Brownwood, a regional hub in the literal heart of Texas that is experiencing a revival of public and private property investment, redevelopment and entrepreneurship. This building was built c.1876 and has amazing character, and underwent extensive renovation in 2019 that brought it to its current use as restaurant & bar. New roof & HVAC; ADA restrooms; restored brick & plaster walls; concrete &wood floors; commercial kitchen; outdoor patio with stage. Approx. 14,000 SF ea. floor; 1st has4,000 SF of retail area split into 2 rooms; 500 SF office area; and remainder warehouse storage. Approx. 40 car parking area + street pkg. Property currently leased to Wild Duck Sports Bar approx. $40K annual NOI. The historic Brownwood Hotel across Baker St is currently undergoing renovations to restore it to former glory with a proj. opening in next couple of years. This is your chance to claim your investment in small town Texas!
Investment Highlights
- Price reduced to $685,000
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,000.00
$3,333.33/mo
Valuation Metrics
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0
DSCR
5.33%
Cap Rate
5.33%
ROI
Property History
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Due Diligence
Listing Contacts
- License: TX TX 497300
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Additional Information
Additional Information
Broker Name
Brandon Harris
Broker License
TX TX 497300
Brokerage Name
Mesa Commercial Real Estate
Broker Title
President
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