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27212920
27843740

516 Center Ave, Brownwood, TX 76801 For Sale

Compass
Listed by Compass
$750,000
289 days on market
Updated 93 days ago
Opportunity zone

Historic Montgomery Ward Building

Details
Property Type Retail, Multifamily (+3)
Sub Type Storefront
Square Footage 20,000
Tenancy Vacant
Year Built 1927
Buildings 1
Stories 4
Zoning C2A

Historic Montgomery Ward Building – 1927

Marketing description

Step into a piece of history with this striking 1927 Montgomery Ward building. Spanning approximately 19,000 square feet across four full levels plus a mezzanine, this property offers vintage character paired with incredible redevelopment potential.

The building features soaring ceilings, exposed brick, expansive windows, and the unmistakable charm of early 20th-century construction. With a large open footprint of roughly 4,400 sq ft per floor, the layout is flexible for a wide range of uses—whether retail, office, creative studios, residential lofts, or a mixed-use vision.

Highlights include:

  • Four stories + basement + mezzanine (≈ 19,000 sq ft total)

  • Historic façade with strong street presence

  • Large windows providing abundant natural light

  • Authentic original industrial details—brick walls, original tile, original hardware

  • Prime location with excellent visibility and accessibility

  • Roof redone in 2012 - no leaks!

This is more than just square footage, it’s an opportunity to reimagine a landmark. Rarely does a building of this vintage, size, and character come available. Perfect for developers, investors, or visionaries ready to bring new life to a historic cornerstone of the community.

You could build your dream loft on the top floor and rent out the rest!

Investment highlights

  • Historic Asset: Built in 1927 as a Montgomery Ward department store, the building carries significant architectural and cultural history.

  • Large Scale: ±19,000 SF across four stories, mezzanine, and basement (~4,400 SF per floor).

  • Flexible Floor Plan: Wide-open spaces with high ceilings ideal for adaptive reuse—retail, office, residential, hospitality, or mixed-use.

  • Natural Light: Oversized windows on multiple sides create bright, inviting interiors.

  • Prime Redevelopment Opportunity: Historic character combined with modern demand for creative and live/work space.

  • Location Advantage: Strong visibility, walkability, and connectivity to surrounding businesses and amenities.

  • Value-Add Potential: Opportunity to reposition a historic landmark into a high-performing asset through renovation and adaptive reuse.

  • Scarcity Factor: Few surviving early 20th-century department stores remain available, especially with this size and intact structure.

Listing Contacts

Compass
Listed by Compass

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