Listed by Coldwell Banker Commercial - Alamo City, Coldwell Banker Commercial Alamo City
$750,000
The Basic Marfa
Details
APN 24736
Property Type Hospitality, Mixed Use
Sub Type Storefront, Airbnb
Square Footage 4,029
Units 6
Beds 10
Price per SqFt $186
Year Built 1950
Year Renovated 2016, 2023
Buildings 1
Stories 1
Acreage 0.140
Parking Spaces 2 per unit
Investment Type Owner/User
Ground Lease No
6-Unit Airbnb w/ Retail Potential
Marketing description
The Basic Marfa, a boutique Airbnb in a collection of historic adobe buildings that was repurposed into a hospitality property. The Basic's lifestyle concept is inspired by the Japanese philosophy of Ma, which is about the consciousness of balance, structure, and space. The Basic fosters relationships between people and objects, enabling a heightened sense of self.
Unit on hard corner could easily be repurposed to Retail along with 3 other units.
** 25% State tax credits & 20% Federal tax credits available on all Qualified Rehab expenses (hard costs, soft costs, etc.).
Buyer’s Broker Fee = 2.5%
Investment highlights
- Seller Financing Available
- 25% State tax credits & 20% Federal tax credits available on all Qualified Rehab expenses (hard costs, soft costs, etc.)
- 6-Unit Airbnb
- Hard Corner
- Retail Potential / Multi-use Building
- Heart of Downtown Marfa
- World Renowned Art Scene
- 1-Story
- +/- 4,000 SF
- Outdoor Courtyard
- 3,600 VPD Traffic Counts
- 8.5 Miles to Marfa Lights Observation Area
- 25 Miles to Alpine, TX
- 21 Miles to Ft. Davis
- 24 Miles to Davis Mountains State Park
- 36 Miles to McDonald Observatory
- 98 Miles to Big Bend National Park
Listing Contacts
Listed by Coldwell Banker Commercial - Alamo City, Coldwell Banker Commercial Alamo City
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