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    123 Austin St Jefferson, TX 75657

    Sponsored
    For Sale
    $699,900

    Charming 10-Room Hotel w/ Rich History

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    Step into history with the acquisition of the iconic Kahn Hotel, a remarkable general commercial property nestled in Jefferson, TX's historic district. Built in 1865, this 0.11-acre property boasts a captivating past, having served as a saloon, mercantile, newspaper office, lodge, furniture store, and even a funeral home. Currently operating as a ten-room hotel, the property includes a unique one-bedroom, one-bathroom apartment complete with a private balcony offering stunning views of Austin Street. The hotel's rich history is palpable, with tales of Vernon Dalhart, the renowned singer who launched his career at the Kahn Saloon in the 1920s, recording over 3,000 records. Adding to its appeal, the hotel features an on-site coffee shop, providing a convenient amenity for guests and contributing to the property's income stream. This presents a rare opportunity to own a piece of Jefferson's vibrant heritage and establish a thriving business venture. The asking price for this exceptional property is $699,900. The square footage is not currently available. This is a turnkey operation with significant potential for growth and expansion. Don't miss this chance to own a piece of Texas history.

    Property Features for 123 Austin St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1865
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Marion
    State
    Texas
    Longitude
    -94.34527
    Latitude
    32.75637

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    FAQs

    What type of property is this?
    Commercial real estate - Charming 10-Room Hotel w/ Rich History
    Where is this commercial real estate located?
    The property is located at 123 Austin St Jefferson, TX.
    What is the asking price?
    The asking price for this property is $699,900.
    (903) 938-2632
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    123 Austin St Jefferson, TX 75657
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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
    123 Austin St Jefferson, TX 75657
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