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    247 Milam St Wharton, TX 77488

    For Sale
    $250,000

    Historic building, vacant, ready to renovate.

    Property size:
    2,229 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 2,229-square-foot mixed-use building, located at 247 W Milam St in Wharton, Texas, presents a unique investment opportunity. Built in 1920 and renovated in 2019, this two-story property boasts a prime location just one block from the historic courthouse square and one block from Richmond Rd./Business 59. Its proximity to the Colorado River, restaurants, retail shops, professional services, and residential areas ensures high visibility and potential for strong tenant demand. The property sits on a 3,015-square-foot lot and has never flooded according to recorded history. The asking price is $250,000, translating to $112.16 per square foot. The interior features a new HVAC air handler, while the outdoor unit remains under a regular maintenance service agreement with a local company. The building is currently vacant, offering flexibility for owner-users or investors seeking to lease the space. There is no zoning in Wharton, TX. This property is an excellent choice for those seeking a versatile commercial space in a thriving Texas town.

    Property Features for 247 Milam St

    General Information

    Property type
    Retail properties
    Square Feet
    2,229 SF

    Building Details

    Year Built/Renovated
    1920/2019
    Buildings
    1
    Stories
    2

    HighLights

    • $250,000 asking price for a mixed‑use property.
    • 2,229 square feet, with 2,229 square feet of net rentable space.
    • Located at 247 W Milam St, Wharton, TX 77488.
    • Vacant, owner‑user opportunity.
    • Two‑story building, built in 1920, renovated in 2019.
    • 3,015 square foot lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wharton
    County
    Wharton
    State
    Texas
    Longitude
    -96.1022102
    Latitude
    29.3112865

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    FAQs

    What type of property is this?
    Retail property - Historic building, vacant, ready to renovate.
    Where is this retail property located?
    The property is located at 247 Milam St Wharton, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price for a mixed-use property.; 2,229 square feet, with 2,229 square feet of net rentable space.; Located at 247 W Milam St, Wharton, TX 77488.
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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
    247 Milam St Wharton, TX 77488
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