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    1498 Hwy Marfa, TX 79843

    For Sale
    $3,200,000

    Prime Marfa Office & Event Space

    Property size:
    6,920 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional Marfa, Texas commercial property offers 6,920 square feet of versatile space on a 4.1-acre lot with 295 feet of high-visibility frontage on East Highway 90. The property includes a substantial 5,000 square foot main building featuring stained concrete floors, a dedicated performance space complete with a stage, and well-appointed commercial bathrooms. A fully equipped kitchen with Saltillo tile countertops adds to the functionality. Two charming adobe brick buildings, one including a full bathroom, provide additional space, complemented by a large metal shop ideal for storage. The property also boasts a unique adobe chapel, adding character and potential for diverse uses. Water is supplied by a private well, with city water readily available as an alternative. This unique combination of space, location, and character presents a rare opportunity for a variety of commercial ventures or creative endeavors. The property's prominent highway frontage ensures excellent visibility and accessibility, making it an ideal location for businesses seeking high traffic exposure in the vibrant Marfa market. The diverse building types offer flexibility for various uses, from office space to retail, event venues, or a combination thereof. This is a must-see property for discerning buyers seeking a unique and well-equipped commercial space in a highly desirable location.

    Property Features for 1498 Hwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,920 SF
    Lot Size
    178,596 SF

    Building Details

    Year Built
    1998
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Marfa
    County
    Presidio
    State
    Texas
    Longitude
    -104.0369
    Latitude
    30.3058

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    FAQs

    What type of property is this?
    Office Property Space - Prime Marfa Office & Event Space
    Where is this office property space located?
    The property is located at 1498 Hwy Marfa, TX.
    What is the asking price?
    The asking price for this property is $3,200,000.
    (830) 446-3378
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    1498 Hwy Marfa, TX 79843
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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
    1498 Hwy Marfa, TX 79843
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