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Historic Mixed-Use Property
For Sale
$3,400,000

120-124 N Highland Ave, Marfa, TX 79843

Commercial Sale, Marfa, TX

Property Size11,520 SF
Lot Size0.20 Acres
Price / SF$295.14
Days on Market227

Property Features for 120-124 N Highland Ave

General Information

Property type Commercial Sale
Property subtype Other
Parking 6
Subdivision Marfa
Lot features Lighted Parking, Corner Lot
Standard status Active
APN 10481 & 10483
Size 11,520 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Annual Amount 10780

Building Details

Year built 1914
Floors in Building 2
Building materials Concrete, Block
Roof type Composition, Flat
Listing Agency: Marfa Realty Properties & Services, LLC
Listed By: Melissa Bent · License #0717317
Added: Mar 5 Changed: Oct 13 Last Checked: Oct 18 at 12:06AM
MLS# 167948

Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This downtown Marfa assemblage brings together two historic buildings. The 1914 Masonic Lodge has two stories, a finished basement, and 18-foot ceilings. Retail space occupies the ground floor, while two loft apartments are located on the second floor; the apartments were converted in 2022.

The West Texas Utilities Building currently accommodates two retail businesses. Together, the properties sit on a 0.2-acre lot in downtown Marfa.

Key Highlights

  • Two‑building assemblage on a 0.2‑acre lot in downtown Marfa
  • 1914 Masonic Lodge with two stories and a finished basement
  • 18‑foot ceilings in the Masonic Lodge

Property Analytics

Current Use

Storefront properties

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

405
Businesses Nearby

Demographics for 79843, TX

2,275
Population
1,639
Households
1.4
Avg Household Size
46
Median Age
30%
College-Educated
77%
High-School Grad
1,480.0 sq mi
ZIP Area
2
Density / Sq Mi
$39,423
Median Household Income
$23,824
Median Earnings
$460
Median Rent
$228,300
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The assemblage combines retail space with two loft apartments in the downtown Marfa area.
Where is this mixed-use property located?
The property is located at 120-124 N Highland Ave Marfa, TX.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Two‑building assemblage on a 0.2‑acre lot in downtown Marfa; 1914 Masonic Lodge with two stories and a finished basement; 18‑foot ceilings in the Masonic Lodge
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