Multi-Building Commercial Hospitality
102 E Main Street Gatesville, TX 76528
For Sale
$250,000
COMMERCIAL - Gatesville, TX
Property Size3,217 SF
Lot Size1.93 Acres
Price / SF$77.71
Days on Market253
Property Features for 102 E Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage
- Standard status
- Active
- APN
- 114235
- Size
- 3,217 SF
- Lot size
- 1.93 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ORIGINAL TOWN GATESVILLE, BLOCK 87, LOT 7 NW PT & 8 NW PT & 8 SW 1/4 PT & 9, ACRES 1.9261
- Tax Annual Amount
- 1493
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
- Water front
- 1
Building Details
- Year built
- 1933
- Floors in Building
- 1
- Building materials
- Brick, Block, Concrete, WoodSiding
- Roof type
- Shingle, Composition
Listing Agency:
Front Porch Realty
(254) 865-6991
Listed By:
Kandi Luensmann · License #0625982
(254) 223-8883
Added: Nov 12, 2025
Changed: Jun 23
Last Checked: Jul 23 at 10:06PM
MLS# 597717
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale property consists of five separate buildings totaling 3,217 square feet, set on 1.9261 acres. Public remarks indicate the buildings are zoned for commercial and/or residential use, providing flexibility for multiple concepts or tenant arrangements. The site is served by two access points, supporting straightforward arrivals for visitors, patrons, or customers.
The property is described as being positioned at the west entrance to Gatesville and near the Leon River. Access is noted from both Main Street and Leon Street, which can be useful for accommodating different uses and circulation needs on site.
Given the zoning flexibility and multi-building setup, the property may fit a range of operators including a bed and breakfast, restaurant, music venue, or office/retail use. With several distinct buildings on one parcel, it may also appeal to buyers looking for an owner-operator configuration or a property that can support different spaces under one ownership. For confirmed use details and zoning specifics, prospective buyers should contact the listing broker for additional information.
The property is described as being positioned at the west entrance to Gatesville and near the Leon River. Access is noted from both Main Street and Leon Street, which can be useful for accommodating different uses and circulation needs on site.
Given the zoning flexibility and multi-building setup, the property may fit a range of operators including a bed and breakfast, restaurant, music venue, or office/retail use. With several distinct buildings on one parcel, it may also appeal to buyers looking for an owner-operator configuration or a property that can support different spaces under one ownership. For confirmed use details and zoning specifics, prospective buyers should contact the listing broker for additional information.
Key Highlights
- Five‑building commercial property with zoning for commercial and/or residential use
- Access from both Main Street and Leon Street
- Built in 1933 with brick, block, concrete, and wood siding construction
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.3k | $14.40 |
| − Vacancy | −$5.6k | −$1.73 |
| EGI | $40.8k | $12.67 |
| − OpEx | −$21.4k | −$6.65 |
| NOI | $19.4k | $6.02 |
3,217 SF · lease $14.40/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Specialty Retail
$668.0K
$584.5K – $779.3K
NOI $46,759 @ 7.0% cap · market cap 18.70%
Second Best
Hotel Hospitality
$276.6K
$242.1K – $322.7K
NOI $19,364 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$772.7K
$676.1K – $901.5K
NOI $54,089 @ 7.0% cap · market cap 21.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Key Plumbing
Plumbing Service
FAQs
What type of property is this?
Bed & breakfast - Five buildings on nearly two acres offer flexible commercial and residential zoning with multiple street access points.
Where is this bed & breakfast located?
The property is located at 102 E Main Street Gatesville, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Five‑building commercial property with zoning for commercial and/or residential use; Access from both Main Street and Leon Street; Built in 1933 with brick, block, concrete, and wood siding construction
