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    201 Main St Childress, TX 79201

    For Sale
    $100,000

    Downtown Childress redevelopment opportunity. Huge potential!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This unique property at 201 N Main St, Childress, TX, 79201, presents a compelling redevelopment opportunity. Priced at $100,000, this formerly two-story bank building is now a single-story structure following a past fire. The building has been completely gutted, leaving only the vault intact, providing a clean slate for creative vision. The existing metal roofing is in place. The City of Childress has recently upgraded the surrounding sidewalks and curbs, enhancing the property's curb appeal. This mixed-use property, categorized as creative office, hotel, and traditional office, offers significant potential for various commercial ventures. Owner financing is available with an acceptable down payment and terms. The property is sold as-is, and potential buyers are strongly encouraged to conduct their own due diligence. Access to the property is strictly limited

    Property Features for 201 Main St

    General Information

    Property type
    Office space
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Childress
    County
    Childress
    State
    Texas
    Longitude
    -100.20655322492
    Latitude
    34.42261055614

    Nearby Comparable

    • $100,000
      0.07 Acres

      Downtown Childress Commercial Lot

      Prime Childress redevelopment opportunity.
      201 Main St, Childress, TX 79201
      View Details
    • $295,000
      8,625 SF

      Downtown Childress Commercial Duo

      Historic buildings, 8,625 sq ft, 0.2 acres
      226 Main St, Childress, TX 79201
      View Details
    • $295,000
      8,625 SF

      Downtown Childress Commercial Duo

      Historic buildings, 8,625 sq ft, vacant
      226 Main St, Childress, TX 79201
      View Details
    • Contact for pricing

      Corner Land Parcel on US 287

      Land with frontage on three thoroughfares on US 287.
      1510 Ave F NW, Childress, TX
      View Details
    • $250,000

      Commercial Office/Shop on Highway 287

      3,200 sq ft commercial space with highway frontage.
      300 Avenue F NE, Carey, TX 79201
      View Details
    • Contact for pricing
      1.51 Acres

      Childress, TX Commercial Land - 1.51 Acres

      Prime US 287 Corner Lot, Childress, TX
      1510 Ave F, Childress, TX 79201
      View Details

    Nearby Similar for Sale

    • $100,000
      0.07 Acres

      Downtown Childress Commercial Lot

      Prime Childress redevelopment opportunity.
      201 Main St, Childress, TX 79201
      View Details
    • $295,000
      8,625 SF

      Downtown Childress Commercial Duo

      Historic buildings, 8,625 sq ft, 0.2 acres
      226 Main St, Childress, TX 79201
      View Details
    • $295,000
      8,625 SF

      Downtown Childress Commercial Duo

      Historic buildings, 8,625 sq ft, vacant
      226 Main St, Childress, TX 79201
      View Details

    FAQs

    What type of property is this?
    Office space - Downtown Childress redevelopment opportunity. Huge potential!
    Where is this office space located?
    The property is located at 201 Main St Childress, TX.
    What is the asking price?
    The asking price for this property is $100,000.
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    201 Main St Childress, TX 79201
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    Childress, TX 79201
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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
    201 Main St Childress, TX 79201
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