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    1101 3 Hondo, TX 78861

    For Sale
    $1,100,000

    9,246 SF Commercial Building, Seller Financing

    Property size:
    9,246 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional commercial property, located at 1101 19th Street, Units 1, 2, and 3 in Hondo, Texas, presents a unique investment opportunity. The property encompasses a substantial 9,246 square feet situated on a 0.52-acre lot. Originally constructed in 1902 as the Armstrong Hotel, this landmark building boasts a rich history, having served railroad workers, military personnel stationed at the nearby Hondo Air Force Base, and numerous other guests over the decades. Its central location on Highway 90 places it in the heart of Hondo, offering excellent visibility and accessibility. Subsequent renovations added 10 rooms, significantly expanding its capacity. The building has undergone various improvements throughout its history, reflecting its enduring appeal and adaptability. Currently configured for retail use, the property offers considerable potential for a variety of commercial ventures. The asking price is $1,100,000, and seller financing is available, making this a compelling proposition for discerning investors seeking a piece of Texas history with significant upside potential. The property's prominent location and substantial size make it an ideal investment for those seeking a high-impact commercial property in a thriving community.

    Property Features for 1101 3

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,246 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1902
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hondo
    County
    Medina
    State
    Texas
    Longitude
    -99.1407
    Latitude
    29.34733

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    FAQs

    What type of property is this?
    Commercial real estate - 9,246 SF Commercial Building, Seller Financing
    Where is this commercial real estate located?
    The property is located at 1101 3 Hondo, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (830) 426-8432
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    1101 3 Hondo, TX 78861
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    Hondo, TX 78861
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101 3 Hondo, TX 78861
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