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Mixed-Use Property With Loft Apartments
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 Market222

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 10800

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 10 Changed: Oct 13 Last Checked: Oct 17 at 11:06PM
MLS# 173030

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.

The 0.2-acre assemblage in downtown Marfa includes two buildings. The 1914 Masonic Lodge has two stories, a finished basement, and 18-foot ceilings. Retail space occupies the ground floor and finished basement, while two loft apartments are located on the second floor; the apartments were converted in 2022.

Key Highlights

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

Property Analytics

Current Use

Retail space

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 - A two-building downtown assemblage combines ground-floor retail with two upper-level apartments.
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 parcel; 1914 Masonic Lodge with two stories and a finished basement; 18‑foot ceilings in the Masonic Lodge
More about this property
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